By Lukundo Nankamba
Economist Naylor Kopakopa says local financing in the rehabilitation of the Ndola-Lusaka dual carriageway will be a long term investment for Zambia and will help produce a good return over time.
A Chinese company, Macro Ocean Investment Consortium engaged with the upgrading of the 327km Ndola-Lusaka dual carriageway and rehabilitation of 45km of Masangano-Fisenge Luanshya Road, will borrow money from the National Pensions Scheme Authority –NAPSA- and Workers Compensation Fund towards the project.
In an interview with Phoenix News, Mr. Kopakopa notes that these institutions have the capacity to loan local projects in the construction sector and have massive investment that will benefit Zambia in the long term.
Mr. Kopakopa says Zambia is still struggling with debt restructuring hence the direction taken of local financing is beneficial for the local economy whose interest when time to repay is due will be injected back into the economy.
SOURCE : PHOENIX NEWS