21 August 2012

Zambia: State Keen on Infrastructure Investment

THE Government has said it will plough more resources in infrastructure development as a way of wooing more investments into the various sectors of the national economy.

Deputy Commerce Trade and Industry Minister Keith Mukata said the Government was focusing on Multi-facility Economic Zones (MFEZs) industrial parks, industrial clusters, construction of roads and railway lines, hydro power plants and other facilities that promote investments.

He said enhanced infrastructure development was a cardinal factor in the attraction of investment in various economic sectors.

Mr Mukata said the Government would ensure that it invested more in all forms of infrastructure across the country, saying that was a tool for sustainable development.

Speaking in Lusaka, Mr Mukata said proper infrastructure was an important tool in investment attraction in any country.

"As Government, we will make sure that we put up good infrastructure in key investment sectors which have been identified, improved infrastructure will then open access to investment opportunities in all the 10 provinces in the country," he said.

Realising the need for infrastructure development, the Government was currently encouraging collaborations through Public Private Partnership (PPP) framework aimed at developing infrastructure projects.

Mr Mukata said the developments would be undertaken in agriculture, manufacturing, tourism, energy, telecommunications and transport like roads and railway, health and education sectors.

"The Government will implement investment climate reforms through the private sector development reforms programme with the goal of enhancing private sector participation in creating favourable investment environment, infrastructure development national development and the creation of jobs," he said.

He said some of the business reforms the Government was focusing on were designed to support the elimination of major constraints in the country's productivity.

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