Zambia bags more than 10 million dollars in Housing Production Plant Investment Deal!

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LUSAKA -China Jiangsu International Economic and Technical Corporation Zambia Limited is expected to invest more than 10 million dollars in the establishment of a concrete prefabricated Housing Production Plant which will generate more than 100 direct and indirect jobs.

During the state visit to China by President Hakainde Hichilema, the Ministry of Infrastructure, Housing and Urban Development and National Housing Authority (NHA) signed a Memorandum of Understanding (MoU) with China Jiangsu International Economic and Technical Corporation Zambia Limited for the establishment of a concrete Prefabricated Housing Production plant and construction of decent and low cost housing units in various districts in the country.

The MoU which was signed on behalf of the Minister of Infrastructure, Housing and Urban Development Hon. Eng. Charles Milupi by his counterpart from Foreign Affairs and International Cooperation Hon. Stanley Kakubo, was witnessed by His Excellency President Hakainde Hichilema and other Cabinet Ministers who accompanied the President on his state visit.

Minister of Infrastructure, Housing and Urban Development Hon. Eng. Charles Milupi said with the establishment of this plant installed with new technology, it is expected that the company will be constructing more than 1000 Housing Units per annum.

“The new technology to be installed will not only enhance technology transfer but also be used to construct quality concrete panels for schools, clinics and police posts among others,” the Minister said.

Hon. Milupi added that this will also quicken the pace of constructing critical infrastructure at a low cost to the Government.

The Ministry looks forward to the Groundbreaking Ceremony for the construction of the factory which will be a Joint Venture between NHA and China Jiangsu and commencement of the construction of mass, quality and low-cost housing in line with the National Housing Policy and the 8th National Development Plan.

Mr. Milupi stated that the New Dawn Government was committed to addressing the massive housing deficit faced by the country through such initiatives and the full participation of the private sector.

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