CHINESE CONSORTIUM TO IMMEDIATELY TAKE OVER TOLL GATES ON LUSAKA-NDOLA ROAD WHICH RAISES $30M A YEAR

CHINESE CONSORTIUM TO IMMEDIATELY TAKE OVER TOLL GATES ON LUSAKA-NDOLA ROAD WHICH RAISES $30M A YEAR.

Chinese Consortium will get money 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 the toll gates which raises $30million a year.

This is according to the Commercial Agreement that was signed on 28th February 2023.

The Consortium is also expected to use this money to commence light but urgent 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 release issued by NRFA Public Relations Manager Alphonsius Hamachila;

✅The Ministry of Finance and National Planning has released K70 million to the National Road Fund Agency (NRFA) for payment of redundancy packages to all Toll Collectors.

✅Redundancy packages will be paid to the individuals who have opted to separate from the Agency ahead 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 dual carriageway under the Public Private Partnerships (PPPs) in line with the Concession agreement.

✅From November 30, 2024, onwards, all toll operations at Katuba, Manyumbi and Kafulafuta will be handled by the concessionaire.

✅Fees collected from the three Toll Gates will be channeled into an ESCROW Account controlled jointly by the Government and the Concessionaire for the maintenance of the existing road until the Concessionaire completes the construction of the project and takes over the full operations and maintenance of the new road.

✅Assured motorists of a smooth and seamless transition of toll operations from the NRFA to the Concessionaire saying the current toll tariff structure and all key toll features including the electronic card payment platform will still be in use.

✅NRFA had put necessary measures to avoid job losses for the affected 127 staff at the three toll gates and offered all affected employees the option of continuing in the employment of the Agency and be redeployed to other toll gates across the country.

✅Further, the affected staff had been given the option of separating from the Agency and be considered for employment by the Concessionaire under new conditions of service or pursue their own interests outside the NRFA and the Concessionaire.

✅Only 17 Toll Collectors opted to remain in the employment of the NRFA, while 87 were recommended to join the Concessionaire and 23 chose to pursue their own interests.

✅NRFA has now commenced the payment process for terminal packages for all the 110 employees who have opted to separate from the Agency in line with the applicable laws and contracts of service.