The loan reportedly carried a 10 year grace period and a 20 year maturity. Its interest rate is unknown. The project involved the construction of the National Heroes Stadium and the reconstruction of the old Independence Stadium in Lusaka. National Heroes Stadium is a multi-purpose facility that can accommodate more than 50, spectators.
It has a football pitch, a running track, two gymnasiums, four dressing rooms, four VIP lounges, shops, booths, car parks, media rooms, conference rooms, meeting rooms, a police station, a medical room, an anti doping center, massage rooms, and offices. Shanghai Construction Group was the contractor responsible for project implementation.
The contract specified that works would commence on July 6, and end on January 6, A formal groundbreaking ceremony took place on January 10, Construction began on July 6, and ended on October 30, Recipient Zambia. Sector Other social infrastructure and services Code: Flow type Loan. Level of public liability Central government debt.
Infrastructure Yes. Intent Development The next section lists the possible statuses. Commercial Development Representational Mixed. Status Completion The next section lists the possible statuses.
Pledge Commitment Implementation Completion. Suspended Cancelled. Milestones Commitment Planned start Actual start Planned complete Actual complete Additional details 1. Number of official sources Number of total sources Cofinanced No. Maturity 20 years.
