ZEMA considers Projects with an estimated Investment of USD 383,011,001

PRESS RELEASE


For Immediate Release

LUSAKA, 24th AUGUST , 2017 – ZEMA CONSIDERS PROJECTS WITH AN ESTIMATED INVESTMENT  OF USD383,011,001

In July, 2017, the Zambia Environmental Management Agency (ZEMA) considered a total of 63 Environmental Impact Assessment (EIAs) reports from various developers covering all sectors of development across the country. This was in accordance with the Environmental Management Act No. 12 of 2011 (“EMA”) and Environmental Impact Assessment Regulations, Statutory Instrument No. 28 of 1997. Out of the 63 projects, 59 were approved, two (2) were deferred pending submission of additional information  from  affected Developers  and two (2) were  rejected.

The estimated investment for the  projects considered in July, 2017  was USD383,011,002.

Estimated Project Investment for July 2017 and cumulative totals from January to July, 2017:

 

No.

 

Sector

 

July 2017

Total Estimated

Investment (USD) (January  – July, 2017)

1.

Energy

258,246,667

966,828,715

2.

Urban Development

61,449,349

7,920,246,321

3.

Prospecting  and Mining

27,706,667

242,785,950

4.

Manufacturing  and Processing

22,296,918

149,129,500

5.

Agriculture   and Forestry

12,845,845

209,970,118

6.

Tourism

460,000

8,521,522

7.

Others

5,556

1,557,866,556

 

383,011,002

11,055,348,682

Submitted projects were mainly from Energy and Urban Development sectors. The total estimated investment for projects considered by ZEMA between January and July, 2017 now stands  at USD11,055,348,682.

 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  ZEMA’s decision can be withdrawn without notice should a developer fail to comply with prescribed conditions  and commitments  made in  the  Environmental Impact Assessment reports.


Issued by:

Alexander    Museshyo Acting 

Manager-  Corporate Affairs

Zambia  Environmental  Management Agency

Email: amuseshyo@zema.org.zm

Phone:  211-254023/59/ 0977-764304

 

Download This Press Release: Environmental Assessment Press Release July

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