President Dr Lazarus McCarthy Chakwera has sourced K2 trillion from the People’s Republic of China for the construction, electrification and signaling of a comprehensive rail network as the servant leader builds a new Malawi.
Minister of Transport and Public Works Jacob Hara signed the 2 billion euro agreement deal with China Railway Signal Communication Corporation during the 3rd Road and Belt Forum underway in Beijing, China.
Hara said the deal will bring about the much needed boost to the transport sector, particularly the railway sector.
During this year’s forum, China has entered into over 300 projects with nations around the world, notably four African countries: Malawi, South Africa, Kenya and Guinea Conakry.
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