NAPSA and MOIC-LN Consortium Sign K16 Billion Agreement for Lusaka-Ndola Road Upgrade

The National Pensions Scheme Authority (NAPSA) has entered a agreement with Macro Oceans Investment Consortium to upgrade the Lusaka-Ndola road.

The project, valued at K16 billion, will transform the existing roadway into a dual carriageway, spanning 327 kilometres. A 45-kilometre stretch encompassing the Luanshya-Fisenge-Masangano road will also undergo work.

During the project’s signing ceremony, NAPSA Director General Muyangwa Muyangwa outlined the role of MOIC-LN Consortium in financing, designing, constructing, and maintaining the upgraded roads. The collaboration includes a 25-year concession period for MOIC-LN Consortium, ensuring their involvement in every phase of the project.

Myra Ngoma, Vice Board Chairperson of NAPSA, emphasised the socioeconomic benefits of the upgraded infrastructure, anticipating a positive impact on both urban and rural communities along the corridor, with the project allowing for improved economic projects and the movement of goods.

Representatives expressed confidence in the project's long-term benefits. Laurian Haangala, speaking on behalf of the Workers Compensation Control Board, highlighted the board's trust in the investment. E. Shangfa, a representative of MOIC-LN Consortium, said the venture will be completed within three years.

The project is expected to create significant job opportunities, with over 4,000 direct jobs for construction workers and 24,000 indirect jobs for local services and suppliers during construction.