Zambia awards Austrian firm Kapsch contract to improve road safety
Zambia has awarded Austria's Kapsch TrafficCom a joint venture contract to design, install and operate a road traffic surveillance system to curb accidents, the company said on Monday.
The number of vehicles on Zambia's roads almost tripled to 700 000 in the ten years to 2016, increasing road fatalities in the Southern African nation, it said in a statement.
"In 2016 alone, 2 206 people died in traffic related accidents," the statement said, prompting the government to significantly increase road safety and traffic management.
The 50:50 joint venture with Zambia's Lamise Trading would also be responsible for motor vehicle speed enforcement, vehicle inspection and vehicle registration, it said.
"This scope of service will be realized step by step during a ramp-up phase as a part of a 17-year contract," Kapsch said.
The project was expected to create 500 jobs and boost the economy through improved transportation, it said.
Revenues in the first three years of operation were projected to be in the range of €90-million ($106-million) to €110-million, it said.
The contract starts immediately.
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