President Rupiah Banda has asked the Zambia-China Economic and Trade Cooperation Zone (ZCCZ) team to quickly start working on phase one of the economic zone in Lusaka.
Speaking at State House today when he met the ZCCZ team, President Banda said he would like to see tangible progress on the project by next year.
“We are happy to receive you here. To us this is an important occasion. I want to see progress on the ground by next year,” he said.
He expressed happiness that the ZCCZ team has not taken long to design the outlook of the economic zone.
And Minister of Finance and Economic Planning, Situmbeko Musokotwane, assured the ZCCZ team of government’s support for the Regulator Plan of the ZCCZ Lusaka Subzone.
Meanwhile, Chinese Ambassador to Zambia, Li Qiangmin, said Zambia would be one of the first countries where China would establish an economic zone following the China-Africa economic summit that was held a few years ago.
And ZCCZ President, Tao Xinghu, expressed gratitude that the Zambian government has fully supported the Lusaka-subzone development project.
Mr. Xinghu said his team has carefully studied the project, whose phase one of construction will commence next year.
The Lusaka subzone will have industries, residential areas, hospitals, schools, hotels and other social amenities.
The development of this zone is expected to step up efforts for Zambia to become a middle income country by 2030.