By SILUMESI MALUMO
THE construction of the controversial and expensive Lusaka-Ndola dual carriage way is still in limbo as Government and the contractor are still working on the financing agreement.
The project has stalled as a result of challenges concerning the financial agreement which was still being discussed by the government and the contractor.
Road Development Agency (RDA) acting corporate communications director Anthony Mulowa said the financial agreement negotiations had now reached an advanced stage.
Mr Mulowa said in an interview yesterday the negotiations led by the Ministry of Finance were expected to be completed.
He said the negotiators were working tirelessly to ensure that the financing agreement were concluded on time for the project to resume.
“We are losing out on time to complete the project. So the ministry of Finance is trying hard for the agreement to be finalised.
“We are hoping that the negotiations will be concluded on time so that the project resumes. And a great team of Ministry of Finance is working tirelessly to come up with a good financing model with the contractor for the project,” Mr Mulowa said.
Recently, RDA corporate communications director Masuzyo Ndhlovu said the change of the financing model had delayed the progress of the project.
He said in an interview the project was first launched as a Public Private Partnership (PPP), but later changed to a Contractor Facilitated Initiative (CFI) financing model.
Government and the contractor were again discussing the change in the financing model.
The US$1.2 billion project was launched by President Edgar Lungu in September 8, 2017.