Kazungula Bridge project worth $229.6 million to be commissioned soon

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The Kazungula Bridge project in Southern Africa is set to be opened for the public soon.

The initial objective of the Bridge which is constructed between the corridors of Zambia and Botswana, is to improve the infrastructure at Kazungula such that transit time between borders is reduced.

On commissioning, the project will facilitate increased trade activity as well as improving the integration of the Zambia and Botswana economies, including their global competitiveness.

Three regional presidents; Zimbabwe’s Emmerson Mnangagwa, Seretse Khama of Botswana and Edgar Lungu of Zambia, have inspected the progress on the multi-million-dollar Kazungula Bridge in Kasane, which upon completion will enhance intra-regional trade within the SADC region and beyond.

Inspection

During the inspection Botswana and Zambia agreed to allow Zimbabwe to be part of the Kazungula bridge project through the Zambezi river, in phase II of the project.

The development was revealed during a press briefing by Botswana Transport and Communication Minister Kitso Mokaila, Zimbabwean Transport and Infrastructure Development Minister Joram Gumbo and Zambian Housing and Infrastructure Development Minister Ronald Chitotela.

Project agreement

The three countries further agreed to put up a one-stop border post at Kazungula in Zambia’s Southern province.

The decision was made after President Edgar Lungu held talks with Botswana’s President, Lieutenant-General Seretse Khama and Zimbabwe’s President Emmerson Mnangagwa.

The Kazungula Bridge project is a multi-national project in the North-South Corridor and is part of an infrastructure improvement programme that covers the whole corridor.

The project includes a bridge linking Botswana and Zambia over the Zambezi River to replace the existing ferry, and a one-stop border facility at Kazungula.

The $229.6 million project was co-financed by the Japanese Development Agency (JICA), in the form of loans to both Zambia and Botswana. Botswana and Zambia each provided counterpart financing.

The African Development Bank (AfDB) is partially providing financial boost towards the project.

Botswana and Zambia are the major players towards the project, contributing nearly 40% of the GDP of sub-Saharan African, equivalent to $340 billion.

The handover of the project to the two governments is expected in March 2019.

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Bontle Moeng is the Founder and Managing Director of BizNis Africa. Moeng has spent 16 years working in the digital and online media industry across Africa. She applied her trade at True Love magazine prior to discovering her passion for Investment news in key sectors across Africa. Moeng previously worked for ITWeb, Starfish Mobile Technologies, ITNewsAfrica, AVATAR Agency, eNitiate, Global Interface Consulting and Havas Johannesburg. Her primary focus is to provide solid and valuable content on investment opportunities for the ICT, Energy and Mining sectors across Africa. In addition, the online news publication assists global companies to expand their presence in Africa. Email: news@biznisafrica.co.za

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