At least US$5 billion is available for the construction of an oil pipeline to connect Angola and Zambia, aiming to make operational the Lobito corridor.
This information was advanced last Thursday, in Luanda, by the Zambian Ambassador to Angola, Lawrence Chalungumana, who was talking at the celebration ceremony of the 55th anniversary of Zambia’s independence, which was marked on 24 October, highlighting that the works shall start from the refinery of Lobito (Angola’s western end) to Zambia.
According to Mr Chalungumana, this project created by the Angolan and Zambian governments will have five years duration and will be handled by the Zambian company Baseli Balisel Resources (BBLR) with the Angolan company Sonangol.
“The conclusion of these works will facilitate the construction of roads and railways to connect neighbouring countries,” he said.
Mr. Chalungumana also reiterated that besides the project, Unitel is launching in Zambia mobile telecommunications project of over 350 million dollars.
According to the Ambassador, the bilateral relations between Angola and Zambia continue to grow, referring that the Permanent Joint Committee on Defence and Security of both countries met in 2018 and its 32nd session is scheduled for November this year.
He said many high-level meetings involving both government and private sector entrepreneurs have been held with focus on agriculture, oil, finance and economy, trade and Provincial Administration.
He also highlighted that Zambia keeps on playing a decisive role in International Organizations, mentioning that last August it became the host of the Southern Africa Sub-Regional Centre for Sustainable Development Goals, in addition to the international organizations already working in Zambia.
Angola and Zambia share a border of about 1,300 kilometres.
Source: Lusaka Times