π Tender Overview
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The government of Zambia is set to receive US $2.03bn loan from the Exim Bank of China for Chipata-Serenje Railway project. Housing and Infrastructure Development Minister Vincent Mwale confirmed the report and said that construction of the railway line will commence after financial closure is reached.
Upon completion in four years, the rail line would ease exports and imports This project is important in that it is going to link Chipata-Muchinji railway to the TAZARA railway line, basically connecting one corridor to the other.
China Civil Engineering Construction Corporation was single-sourced for the project as one of the terms of the agreement while the Ministry of Infrastructure will oversee the construction. About 8,000 direct jobs will be created during the construction period.