Lungu invites private sector


THE private sector should participate in the construction, rehabilitation, maintenance and financing of public infrastructure under the Public Private Partnership (PPP) arrangements because leaving it to Government alone cannot bring about desired results in good time, President Edgar Lungu has said.

President Lungu said this following a decision by Government to prioritize infrastructure development in the National Development Plans and the National Vision 2030.

“In narrowing the financing gap, Zambia has opened its doors to the private sector to participate in the construction, rehabilitation, maintenance and financing of public infrastructure under the Public Private Partnership (PPP) arrangements. However, my Government has recognised that infrastructure development is an expensive venture which if left to Government alone cannot produce the desired results in good time,” President Lungu said.

He said projects to be procured under the PPP ranged from roads, railways, airports, border support facilities, energy, real estate and houses for agricultural and health staff.

He said Government was also considering contractor financing.

President Lungu was speaking at a high-level forum for land-locked developing countries (LLDCs) whose theme was; “Linking land-locked developing countries to global opportunities.”

Mr Lungu, who is chairperson of the LLDCs, called on transit neighbours, development partners, including international institutions and the private sector, to provide financial and technical support to landlocked countries with a view of transforming them from their current status to land-linked countries.

“I wish to encourage the member states on the need for promotion of dialogue at national and sub-regional levels in order to raise awareness and encourage the LLDCs and transit countries to mainstream the Vienna Programme of Action (VPoA) in their sectorial and national plans.

“There is need for strengthened and revitalized partnerships with transit countries which will be key to alleviating key challenges faced especially in trade and transportation of goods for LLDCs. Policy options to explore better ways of deriving mutually benefiting transit agreements and bilateral mechanism between LLDCs and transit countries is necessary,” the Head of State said.  The Vienna Programme of Action is aimed at transforming LLDCs’ economies as well as sustain high levels of inclusive economic growth and sustainable development.

President Lungu said LLDCs had an historic opportunity to move forward with the Vienna Programme of Action as well as the recently adopted 2030 Agenda for Sustainable Development and aligning national priority-setting, mobilisation of resources and the achievement of specific gains.

He said he was aware that persistent development challenges facing landlocked developing countries required enhanced global partnerships for development that embraced all key facets.

“We are now here in New York to celebrate the 70th anniversary of the founding of the United Nations and have agreed on an agenda that should enable millions of people build a better future. ,” he said.

One thought on “Lungu invites private sector

  1. how do inveset in a country where by your money is not secured if you inveset for 10 years and your are recedient of that country than someone does not like you and reports to immgrastion they just come and pick you up and all your money is now gone all your invesement is gone and your are froced out of the country that is zambia so why inveset in that country frist let them sort these problame out than ask people to ibveset

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