Chinese Consortium takes over toll gates on Lusaka-Ndola highway
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Chinese Consortium will get cash from NAPSA to Finance, Build and Operate Lusaka-Ndola Dual Carriage Way for 25 years.
Agreement commences in 1st April,2023 Macro-Ocean Consortium takes over all of the toll gates which raises $30million a 12 months.
This is based on the Commercial Agreement that was signed on twenty eighth February 2023.
The Consortium can also be anticipated to make use of this cash to start gentle however pressing repairs.
GOVT.
RELEASES K70 MILLION FOR TOLL COLLECTORS WHO HAVE OPTED TO SEPARATE FROM NRFA AS CONCESSIONAIRE TAKES OVER THREE TOLL GATES.
Here are the highlights from the press launch issued by NRFA Public Relations Manager Alphonsius Hamachila;
The Ministry of Finance and National Planning has launched K70 million to the National Road Fund Agency (NRFA) for fee of redundancy packages to all Toll Collectors.Redundancy packages shall be paid to the people who’ve opted to separate from the Agency forward of the takeover of three Toll Gates on the Lusaka Ndola Road on Saturday November 30, 2024, by Macro Ocean Investment Consortium (MOIC).Macro Ocean Investment Consortium (MOIC) is the Concessionaire upgrading the Road to a twin carriageway below the Public Private Partnerships (PPPs) consistent with the Concession settlement.From November 30, 2024, onwards, all toll operations at Katuba, Manyumbi and Kafulafuta shall be dealt with by the concessionaire.Fees collected from the three Toll Gates shall be channeled into an ESCROW Account managed collectively by the Government and the Concessionaire for the upkeep of the prevailing highway till the Concessionaire completes the development of the challenge and takes over the complete operations and upkeep of the brand new highway.Assured motorists of a clean and seamless transition of toll operations from the NRFA to the Concessionaire saying the present toll tariff construction and all key toll options together with the digital card fee platform will nonetheless be in use.NRFA had put crucial measures to keep away from job losses for the affected 127 employees on the three toll gates and provided all affected staff the choice of constant within the employment of the Agency and be redeployed to different toll gates throughout the nation.Further, the affected employees had been given the choice of separating from the Agency and be thought-about for employment by the Concessionaire below new circumstances of service or pursue their very own pursuits outdoors the NRFA and the Concessionaire.Only 17 Toll Collectors opted to stay within the employment of the NRFA, whereas 87 have been really useful to affix the Concessionaire and 23 selected to pursue their very own pursuits.NRFA has now commenced the fee course of for terminal packages for all of the 110 staff who’ve opted to separate from the Agency consistent with the relevant legal guidelines and contracts of service.
