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(LUSAKATIMES) Zambia,China sign three economic agreements

Zambia,China sign three economic agreements
TIME PUBLISHED - Thursday, December 29, 2011, 9:22 pm

The Zambian government and the people’s republic of China have today signed three economic and technical cooperation exchange notes on the Levy Mwanawasa hospital, the anti Malaria centre and the dispatch of experts on the mini-hydro power plants.

Under the agreements, the people’s republic of China will supply extra medical equipment to Levy Mwanawasa hospital at an approximate cost of 7.9 billion kwacha as well as supplying equipment and consumables for the anti-malaria centre in Chainama at an approximate cost of 1.2 billion kwacha.

Also under the agreement, China will dispatch a team of experts to Zambia to undertake feasibility studies on the rehabilitation and upgrading of the Musonda Falls Hydro power plant in Luapula province as well as the Chishimba Falls hydro power plant in Northern Province.

Speaking after signing on behalf of the Zambian Government, finance and national planning minister Alexander Chikwanda says the disbursements will come in the form of grants as stipulated in the broader agreement of economic and technical cooperation between the two governments.

Dr. Chikwanda says signed agreements is clear evidence and testimony of how warm, cordial and fraternal bilateral relations and cooperation existing between the two countries.

And speaking after signing on behalf of the Chinese government, Chinese Ambassador to Zambia Zhou Yuxiao says the signing of the agreement is a contribution in the realization of the Patriotic Front government’s governance objectives.

Ambassador Zhou says China’s main interest is in people oriented developmental projects that provide better services for the general public.

QFM

Labels: CHINA, ENERGY, HEALTHCARE, HYDRO POWER

posted by MrK @ 5:57 AM