By OLIVER SAMBOKOGOVERNMENT and the concessionaire for the Lusaka-Ndola dual carriageway have agreed to a revenue-sharing mechanism based on gross revenue at between 1.5 to 15 percent of the gross revenues over the concession period.Infrastructure, Housing and Urban Development Minister Charles Milupi said in Parliament on Tuesday that Government envisions to accrue US$1,172,157,616.00 in monetary benefits from the project. He also said under the concession agreement to finance, construct, operate, and maintain 327 kilometres of the Lusaka-Ndola dual carriageway project, and rehabilitation of 45 kilometres of the Luanshya-Fisenge-Masangano, government shall have the right to audit all accounts and examine all books and other documents relating to the agreement.Mr Milupi said while the demand for quality road infrastructure remain high, the new dawn government decided to enter into a PPP arrangement in the construction of the Lusaka/ Ndola Dual carriageway because the resource envelope is not adequate to bridge the financing gap.He said the road project is […]
Gov’t to Earn over $1bn from Lusaka-Ndola road project
