MoF releases K495.4M for developmental programmes

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Minister of Finance Alexander Chikwanda flanked by Secretary to the Treasury Fredson Yamba (left) and Bank of Zambia Governor Michael Gondwe
Minister of Finance Alexander Chikwanda flanked by Secretary to the Treasury Fredson Yamba (left) and Bank of Zambia Governor Michael Gondwe
The Ministry of Finance has so far released K495.4 Million for various development programmes during the month of March, 2014 to step up infrastructure development and to facilitate delivery of value-for-money results to the people of Zambia.

Ministry of Finance Public Relations officer Chileshe Kandenta in a statement issued to QFM News says from the amount released, K158 Million is for road infrastructure construction and maintenance works in various provinces, while K36 Million has been funded to facilitate activities under the Pave Zambia 2000 Programme, targeted at country-wide construction of paved roads, and creation of 20,000 jobs among locals.

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Mr Kandenta says the Government is pleased that the materials for use on the Pave Zambia 2000 Programme will be sourced locally as this gives people a great opportunity to fully participate in the programme.

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He says K10 Million has been released to speed-up works for maintenance of the Ndola-Kitwe dual carriage way.

Mr Kandenta adds that the Treasury has released K5 Million for rehabilitation of the Kapiri-Mposhi weigh bridge so that transporters of goods to the Democratic Republic of Congo, Northwestern, Copperbelt and Luapula Provinces who use the Ndola-Kitwe dual Carriage way are not hindered by any in-efficiencies at the Kapiri-Mposhi weigh bridge.

He further states that the Treasury has also released K10 Million for the Livingstone City Roads Project.

He says a further a K20 Million for access roads at the National Heroes Stadium has also been released.

Mr Kadenta says K28 Million has been released by the Treasury in response to the need for expanded outreach through rehabilitation and extension of health facilities in selected parts of the country while K11.5 Million has been released for construction of bus stops and markets under the Ministry of Local Government and Housing, to ensure that development programmes at the grass-root level, move in-tandem with programmes at the macro level, on a sustained positive trajectory.

 

QFM Zambia

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