ZAMBIA SECURES $458 MILLION GRANT FROM FROM MILLENNIUM CHALLENGE CORPORATION TO BOOST INFRASTRUCTURE DEVELOPMENT

ZAMBIA SECURES $458 MILLION GRANT FROM FROM MILLENNIUM CHALLENGE CORPORATION TO BOOST INFRASTRUCTURE DEVELOPMENT.

By pumulo mubita, lusaka

Minister of infrastructure Charles milupi said government has successfully secured a $458 million grant from the Millennium Challenge Corporation (MCC), an agency of the United States Government, to support infrastructure development in the country . According to Minister of Infrastructure and House Urban Development, Charles Milupi, the grant will be used to rehabilitate and maintain two major roads: the 222km Chipata-Lundazi-Old Magodi Road and the 116km Landless-Mumbwa Road.

The minister said MCC Board has approved the project, with the signing scheduled to take place next month in Lusaka. This development is a significant boost to Zambia’s infrastructure development and is expected to have a positive impact on the country’s economy.

The Millennium Challenge Corporation is an independent U.S. government development agency working to reduce global poverty through economic growth . Since its founding in 2004, MCC has delivered nearly $17 billion in aid to 47 low-income and lower-middle-income countries across six continents, lifting more than 380 million people out of poverty.

(C) KFT -PCT UPND MEDIA .