Sata urges ZDA to intensify investment campaigns

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President Michael Sata has called on the Zambia Development Agency (ZDA) to intensify efforts of attracting investment in the development of airport infrastructure, terminals, cargo infrastructure, hotel and auxiliary infrastructure across the country.

In his face book message, President Sata said the country was at the heart of two growing markets which are offering immense opportunities for both local and foreign investors.

He revealed that the two regional markets are the Southern African Development Community (SADC) which has a population of approximately 277 million people with a GDP of US$575.5 billion and the Common Market for Eastern and Southern Africa (COMESA) which has approximately 459 million people with a GDP of US$508 billion.

Mr. Sata noted that the government was upgrading and modernising the country’s international airports in order to get them to international standards.

The Head of State said the Harry Mwaanga Nkumbula International airport and the construction of a passenger terminal building of one million people was almost done.

He explained that the project was costing US$40 million and will be commissioned in April this year.

Mr. Sata further disclosed that government has released US$25 million out of the total cost of US$385 million for the re-development of Kenneth Kaunda International Airport in Lusaka with passenger terminal building of four million.

Mr. Sata added that government was sourcing for funds for the Simon Mwansa Kapwepwe international airport with a passenger terminal building of two million which are being relocated and constructed at a cost of US$522 million.

The President said the upgrading and modernisation of airport infrastructure will boost the agriculture, manufacturing and tourism sectors of the country.