Government has disclosed that China holds the largest contracts in the infrastructure sector amounting to about 83 percent. National Planning and Development Minister Lucky Mulusa says over 10 years from 2011 to 2021, Zambia is envisaged to spend about US$20 billion of which 83 percent will be undertaken by Chinese companies. Mr. Mulusa says there is need for China and Africa to establish a common platform such as a Sino-Africa stock exchange through which investment vehicles, companies and equity options offered. –LusakaTimes/
In other words $US16.6 billion out of $20 billion of Zambia’s infrastructure budget will go to Chinese companies.