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$500 million in offing

7/23/2017

 
PRISCILLA MWILA, Lusaka
Daily Mail
​
ZAMBIA’s charge d’affaires in Sweden Anthony Mukwita says Zambia stands to gain US$500 million finance package that will result in the revamping of Zambia Railways (ZR).

​Mr Mukwita said once the finance package is successful, ZR will be revitalised with new railway tracks, sleepers and locomotives for both freight and passengers in a modernised fashion.
Mr Mukwita said in a statement yesterday that the interest by a team from Sweden that comprises Bombardier and Business Sweden to target Zambia for investment is a clear testimony that Zambia is a beacon of stability under President Lungu.
“Zambia and Sweden have continued to enjoy warm relations, especially since the re-election of President Lungu in 2016. He must be commended for continuing to show signs of strong economic and prudent leadership by taking some tough decisions that his predecessors could not take for fear of losing popularity,” he said.

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