ZEMA approves projects with an estimated investment of $784.5 Million in April, 2017

LUSAKA, 11th MARCH, 2017 – ZEMA APPROVES PROJECTS WITH AN ESTIMATED INVESTMENT OF USD784.5 MILLION

In April, 2017, the Zambia Environmental Management Agency (ZEMA) considered a total of 70 Environmental Impact Assessment (EIAs) reports from various developers and sectors across the country. This was in accordance with the Environmental Management Act (EMA) No. 12 of 2011 and Environmental Impact Assessment (EIA) Regulations, Statutory Instrument No. 28 of 1997. A total of 49 projects were approved and 21 were deferred pending additional information from Developers.

The estimated investment for the approved projects is USD784, 515,373 broken down as follows.

Estimated Project Investment between January and April, 2017

 

No.

 

Sector

Total Estimated Investment (USD)

(Jan-Mar, 2017)

April

2017

Total Estimated Investment (USD)

(Jan – April, 2017)

1.     

Urban Development

 

177,150,430

706,478,731

 

883,629,161

 

2.     

Manufacturing and Processing

 

118,427,045

4,630,000

 

 

123,057,045

 

3.     

Agriculture and Forestry

 

15,355,360

58,513,142

 

 

73,716,147

 

4.     

Prospecting and Mining

 

84,380,998

13,208,500

 

 

97,589,498

 

5.     

Energy

 

645,863,465

750,000

 

646,613,465

6.     

Tourism

1,850,000

1,850,000

7.     

Others

162,126,000

935,000

163,061,000

 

1,205,153,298

 

784,515,373

 

1,989,516,316

 

It can be noted that submitted projects were mainly from Urban Development and Energy sectors. The total estimated investment for projects considered by ZEMA between January and April, 2017 is therefore, USD1, 989,516,316.

All projects are approved subject to specific conditions within a given timeframe. ZEMA’s decision can be withdrawn without notice should a developer fail to comply with laid down conditions and commitments.

Issued by:

Irene G. Lungu Chipili

Manager- Corporate Affairs

Zambia Environmental Management Agency

Email: iglungu@zema.org.zm

Phone: 211-254023/59/ 0977-744299

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