JSE-listed Raubex was set to upgrade 117 km of the Mpika-Nabwalya-Mfuwe road, in north-eastern Muchinga, in Zambia, after securing the ZK540-million (nearly R940-million) 30-month contract.
Mobilisation for the contract, which formed part of the Zambian Road Development Agency’s Zambia Link 8000 project, would kick off in July, Raubex CEO Rudolf Fourie said in a statement on Monday.
The Link Zambia 8000 project, launched in 2012, was a five-year, $5-billion to $6-billion initiative aimed at upgrading 8 000 km of road network, linking provinces nationwide.
The latest contract came a month after Raubex was awarded a ZK265-million (R460-million) contract to upgrade about 94 km of the Safwa to Chinsali road.
Raubex had started the site establishment for the Safwa-Chinsali 24-month contract, which is also in the Muchinga province.
“We are pleased to have secured these two contracts, which are in line with our plan to grow the group’s international order book, as we [ride] out the highly competitive conditions in the South African market,” he explained, pointing out that the Zambian contracts would support the performance of the Raubex Construction division over the next couple of years.