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The Road Development Agency (RDA) of Zambia said that the Macro Ocean Investment Consortium was selected as the preferred concessionaire to undertake works on upgrading to a dual carriageway of the 327 kilometers Lusaka-Ndola road in Zambia
The Road Development Agency (RDA) of Zambia said that the Macro Ocean Investment Consortium was selected as the preferred concessionaire to undertake works on upgrading to a dual carriageway of the 327 kilometers Lusaka-Ndola road in Zambia. The selection of the concessionaire for the project is done in a transparent manner, authorities maintain. The project to be undertaken also includes the rehabilitation of the 45 Km Masangano- Fisenge Road under the Public-Private Partnership initiative.
There were two bidders for the project: Macro Ocean Investment Consortium represented by AVIC International Project Engineering Company, Zhejiang Communications Construction Group Limited, and China Railway Seventh Group Limited; and Yamene Financial Services represented by Velos Enterprises Limited, Graduare Property Development Limited, Yamene Financial Services Limited, and Hillary Construction Pty Limited.
Mr Mulowa said that the Request For Proposals (RFP) was issued to the two shortlisted firms on May 5 last year with the proposal submission deadline being 1st July last year. The Macro Ocean Investment Consortium was then conferred with the preferred bidder status after the evaluation of the proposals.
The Government then entered into a Concession Agreement with Messrs. Macro Ocean Investment Consortium at a total cost of US$649,976,167.00 for the execution of the project on a design, finance, build, maintain, operate, and transfer basis. The scope of the project during the concession period includes the performance and execution by the concessionaire of all design, engineering, financing, procurement, construction, completion, operation, and maintenance of the project infrastructure.
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The project also includes the construction of a 327 -km dual carriageway from Lusaka to Ndola and the construction of the Kabwe and Kapiri Mposhi bypass. The project also envisages the rehabilitation of 45 kilometers of the Masangano-Fisenge-Luanshya road as well as the construction of two new toll plazas and two weighbridges. The concession period is 25 years. Three years involve the construction phase and 22 years operations and maintenance.
