Jiayou International(603871) 证券时报网·2024-11-18 17:27Core Viewpoint - The company is expanding its logistics capabilities in Zambia by investing in the Mokambo port and road upgrade project, which is expected to enhance cross-border transportation efficiency in the region [1][4]. Investment Details - The total investment for the project is 50.9912 million sourced from its own and raised funds [1][2]. - The project will be developed by JASWORLD PORT LIMITED, a joint venture between the company's subsidiary and TURBO INFRASTRUCTURE DEVELOPMENT BV, with a construction period of 2 years [2]. Project Scope - The project includes the upgrade of Mokambo port and a 25.75 km road from Mufulira to Mokambo, along with the construction of a toll station and supporting facilities [2]. - The concession granted to JASWORLD PORT LIMITED lasts for 22 years, during which it is responsible for the development, design, financing, construction, and operation of the infrastructure [1][2]. Strategic Importance - This investment is part of the company's broader strategy to enhance logistics networks in Africa, having previously invested in various infrastructure projects in the Democratic Republic of Congo and Zambia [3][4]. - The company aims to replicate successful logistics models from China in Africa, focusing on bulk cargo transportation and infrastructure upgrades to improve logistics efficiency [3]. Regional Impact - The project is expected to facilitate better connectivity between Zambia and the Democratic Republic of Congo, enhancing cross-border logistics and customs efficiency [4]. - The company has established a comprehensive logistics network covering multiple Southern African countries, which will provide more efficient cross-border logistics services [3][4].