Project Key Timelines and Milestones
A comprehensive timeline of the Western Corridor development from inception to present day.
Unsolicited proposal submitted
The Promoters submitted the unsolicited proposal for the Project on 16 February 2024.
Preferred bidder status awarded
On 19 June 2024, the Promoters were awarded the preferred bidder status by the Zambia Road Development Agency.
SPV Incorporated
The Promoters incorporated the Special Purpose Vehicle, Western Corridor. ü The Promoters engaged in a period of contract negotiations. The Promoters engaged various advisors, legal, financing, engineering, and ESG advisors to assist in the negotiations.
Concession Agreement Signed
The Concession Agreement was signed with the Ministry of Finance and National Planning in Kasempa.
Design & Preparation
The Project is advancing through road design and other preparatory works.
Project Completion
Target milestone for project completion.
Project Achievements
8
Major Milestones
Achieved from 2018 to present
2
Key Promoters
BeefCo Holdings & First Quantum Minerals
$8M+
Investment
Invested in maintenance and upgrades
371
Kilometres
Road to be upgraded to bituminous
Upcoming Milestones
Construction Commencement
2025
Begin main construction works on the 371km corridor
Project Completion
2028
Delivery of fully upgraded bituminous highway