Jiayou International(SH:603871) Shang Hai Zheng Quan Bao·2026-02-23 19:05Investment Overview - The company has signed a concession agreement for the Zambia Sakanya PPP project, which includes the design, financing, construction, and operation of the Sakanya port and the road upgrade from Endola to Mufulira [2] - The total investment for the project is approximately $76.13 million, with the company holding a 90% stake in JASWIN Ports Limited and investing about $68.52 million [2] Project Progress - As of June 19, 2024, a design, procurement, and construction contract was signed with China National Aero-Technology International Engineering Corporation for the project [3] - The Endola to Sakanya road upgrade, covering 17.26 kilometers, has received completion certification and is now operational with toll collection starting [3][4] - The Sakanya port upgrade includes the construction of a joint inspection building, business building, and parking lot, with significant progress made on these structures [4] - The Sakanya to Mufulira road upgrade involves the construction of a 41.7-kilometer road, with all foundation and culvert works completed and surface testing sections finished [5] Impact on the Company - The successful operation of the Endola to Sakanya road marks a significant milestone for the company, transitioning from investment to revenue generation [6] - The project is strategically important as it connects the Congo (DRC) copper mining area to Zambia's industrial hub, enhancing cross-border transport efficiency and supporting regional industry development [6] - The company aims to leverage the Zambia Sakanya PPP project to enhance its logistics infrastructure along the Congo to Southeast Africa corridor, improving its cross-border logistics capabilities [6]