China’s Jiayou Gains After Part of Its Zambian Road Project Kicks Off Operations, Initiates Toll Collection
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Jiayou International Logistics shares rose 6.9% to CNY14.66 after announcing the completion of a road section in Zambia, part of a public-private partnership. The 17.3-kilometer road from Ndola to Sakania has opened for toll collection. Jiayou's subsidiary, Jaswin Ports, signed a 22-year concession with the Zambian government for a USD76.1 million investment to enhance logistics infrastructure, aiming to strengthen its logistics corridor in Africa.
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