By NATION REPORTERTHE US$33 million paid to the Frederick Jacob Titus Chiluba (FJT) University in Luapula Province was an advance payment for mobilisation and design.The funds were not meant for the actual construction which was expected to cost US$225 million.According to article 4.2 of the contract seen by the Daily Nation, the $33 million, stated that “The employer shall make an advance payment as an interest free loan for mobilisation and design”The designing aspect encompassed architectural designs, with engineering for structural, electrical, and mechanical with the Quantity Surveyor costing the entire project while the mobilisation involved for the contractor to move on site, set up temporal site offices, canteen toilets, store rooms, boundary fences, boreholes, water tanks, etc.The project was to be financed by the Export Bank of China while Zambia was obliged to pay the 15 percent counter-part funding. This was after the fourth iteration approval meant to rescope the project.In 2020 however due […]
$33.7M FTJ UNIVERSITY SAGA RAGES
