Kariba dam in K264m grant
Sweden is expected to sign a 2 hundred and 64 Million Kwacha grant with the Zambian government for the rehabilitation of the Kariba dam.
Deputy Head of Mission David Wiking, who has confirmed the development in a Nordic development publication dubbed ‘Development Today’, says the deal could be sealed by June.
Mr Wikings says the project will ensure that the long term safety of the dam is secured and also contribute to securing thousands of jobs.
He adds that three other bilateral donors are coming in to pump a required total of 2 hundred and 94 Million United States dollars into the project at a later stage.
Among the donors cited by the publication is the African Development Bank, the European Union and the World Bank.
And speaking on ZNBC’s Sunday Interview recently, Deputy Ambassador to Sweden Anthony Mukwita said relations between Zambia and Sweden have greatly been enhanced since President Edgar Lungu in January 2015.
Mr Mukwita said this is not the first time Sweden is coming to the rescue of Zambia having just awarded the country about half a billion kwacha in health grants earlier in the January.