Monday, 26 March 2012

Zambia-china signs 1 economic and techincal agreement grant with 5bilateral exchange notes worthy $15.8million


Zambia And China Have Signed An Economic And Technical Cooperation Grant Agreement And 5 Bilateral Exchange Notes Worthy 100 Million Yuans Approximately 15.8 Million Dollars.
The Exchange Notes Will Cover Implementation Of The Technical Cooperation For The Agricultural Technology Demonstration Centre, Provision Of Solar Mobile Systems And Support To The Confucius Institute At The University Of Zambia.
The Five Exchange Notes Will Also Cover Hosting Of Two Seminars For Zambian Government Officials In China And Construction Of The Chinese Doctors’ Residence At The Levy Mwanawasa General Hospital.
Speaking On Behalf Of Zambia After Signing The Economic And Technical Cooperation Grant Agreement And 5 Exchange Notes, Acting President Who Is Also Finance And Nation Planning Minister Alexander Chikwanda Said The Grant Will Go A Long Way In Improving Skills For Zambia’s Manpower In Various Sectors.
Mr. Chikwanda Adds That The Economic And Technical Grant Agreement And 5 Exchange Notes Will Lead To Increased Productivity Coupled With Greater Efficiency And Ultimately A Reduction In Poverty Levels.
He Says The Technical Cooperation On The Agricultural Technology Demonstration Centre Has Added Another Dimension To Government’s Efforts In Developing And Utilizing New Technology And Capacity Building In The Agricultural Sector.
And In Addition Mr. Chikwanda Says It Is Government’s Conviction That The Grant To The Confucius Institute And The Hosting Of Two Seminars For Zambian Government Officials In China Will Go A Long Way In Empowering People Through The Acquired And Shared Knowledge That Exists Between The Two Countries.
He Further Has Stated That It Is Government’s Hope That The Feasibility Study On The Rehabilitation Of Tazara Will Be Completed In Time So That The Rehabilitation Works Can Start In Earnest As This Will Lead To A More Efficient And Reliable Railway Transport System Thereby Reducing Transport Costs.
The Finance And National Planning Minister Says It Will Also Assist In Reducing The Heavy Loads On The Roads Which Will Consequently Increase The Lifespan Of The Roads Which Are Constructed At Enormous Cost.
And Speaking Through An Interpreter, Chinese Commerce Minister Li Jinzao Pledged His Country’s Total Commitment To Supporting Zambia In Improving Its Economy

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