FINANCE Minister Alexander Chikwanda is pleased with the progress at the Lusaka South Multi-Facility Economic Zone (MFEZ) as it will help improve the economy and reduce poverty.
Mr Chikwanda said expressions of interest by companies such as Zambian Breweries to invest more than US$35 million and Alliance One, which intends to invest $40 million to set up plants at the economic facility had been made.
The minister said this after a tour of the first-class road network being mapped around the 413 hectare-first phase of the MFEZ.
Mr Chikwanda, who was accompanied by his deputy Miles Sampa and Secretary to the Treasury, Fredson Yamba told journalists that the MFEZ reflected Government's seriousness to spread growth.
"This is good for the country and as we have seen, it is just starting. So there is a lot to come. It will generate reasonable volumes of investment," Mr Chikwanda said.
The MFEZ located at the Lusaka Forest South Zone was expected to cost $121 million.
It would consist of self-contained infrastructure with housing units, water works, road infrastructure, electricity, a central business centre and other facilities.
The MFEZ construction was currently in its initial stage that had cost $15 million but would comprise a total of four phases.
Construction of 11 kilometres of road infrastructure under the first phase had so far been covered.
Lusaka South MFEZ Limited is the company overseeing the implementation of the project on behalf of the Government.