PRESS STATEMENT FOR IMMEDIATE RELEASE
Pretoria- Thursday 14th June 2018
Zambia says she is open to Foreign Direct Investment (FDI) to raise Finances for recapitalization of the railway sector.
Zambia Railways Board Chairperson Lubinda Linyama says Private Partnership was important in order to enhance strategic activities and grow business for the rail sector in Zambia.
Speaking during the 2018 Africa Rail Conference at the Convention centre in Johannesburg, South Africa, Mr. Linyama said the economic growth and development of the sector was largely dependant on infrastructure and transportation which could be done through FDIS.
He said through Private Partnership, government intends to develop 8 main greenfield railway spur that will connect the country to all regional trade Corridors.
Mr Linyama added that his firm will consider the development of an Urban railway train system to decongest Lusaka
He noted that the conference was more beneficial to Zambia as it provided a platform to engage investors and showcase the investment opportunities that exist in the country.
And Zambia’s High Commissioner to South Africa His Excellency Mr Emmanuel Mwamba says the railway sector requires that the transport corridors is jointly planned with other SADC countries that are developed.
He said he was happy with the co-operation being given to the sector by the region.
Mrs Naomi Nyawali
First Secretary Press and Public Relations
Zambia High Commission Pretoria South Africa