RDA Annual Report 2008

Road Development Agency
2008
ANNUAL REPORT
Tel: 253088/253801
Fax: 253404/241420
email: rda_hq@roads.gov.zm
Website: http//www.rda.org.zm
RDA

Fairley Road
Lusaka
Table of contents
VISION, MISSION, VALUES ................................................................... vi

CHAIRMAN`S REPORT .......................................................................... vii
EXECUTIVE SUMMARY ...........................................................................ix
1 INTRODUCTION .............................................................................. 1
1.1 General ............................................................................................................... 1
1.2 Structure of the Report .................................................................................... 1
2 ROAD SECTOR INVESTMENT PROGRAMME (ROADSIP II) .............. 2
2.1 Steering Committee Meetings......................................................................... 2
2.2 World Bank and Joint Donor Missions ........................................................... 2
3 BOARD ACTIVITIES ......................................................................... 3
3.1 Composition of the Board of Directors .......................................................... 3
3.1.1 Administrative and Finance Committee............................................. 6
3.1.2 Technical Committee............................................................................ 7
3.1.3 Audit Committee ................................................................................... 8
3.2 Committee of Ministers on Road Maintenance Initiative (RMI)................. 9
3.3 Committee of Permanent Secretaries on RMI ............................................ 10
4 THE RDA STRUCTURE .................................................................... 11
4.1 RDA Structure and Appointments ................................................................ 11
4.2 Regional Offices .............................................................................................. 12
4.3 Local Road Authorities ................................................................................... 12
5 ROAD DEVELOPMENT AGENCY ACTIVITIES .................................. 13
5.1 Corporate Services ......................................................................................... 13
5.1.1 Public Relations ................................................................................... 13
5.1.2 Procurement ........................................................................................ 13
5.1.3 Information Technology Unit ............................................................ 14
5.2 Technical and Commercial Services ............................................................. 14
5.2.1 Motor Vehicles ..................................................................................... 14
5.2.2 Quarries................................................................................................ 14
5.3 Planning and Design ...................................................................................... 15
5.3.1 Network Planning ............................................................................... 15
5.3.1.1 Highway Management System ......................................................... 15
5.3.2 Laboratory ........................................................................................... 17
5.3.3 Environmental and Social Management .......................................... 17
6 REVIEW OF THE 2008 AWP ........................................................... 19
6.1 Funding Sources ............................................................................................. 19
6.2 Performance Indicators ................................................................................. 19
6.2.1 2008 AWP Performance indicators................................................... 20
6.2.2 Progress against RoadSIP II Targets .............................................. 21
ii
6.3 Progress of Programmes in the 2008 AWP ................................................ 22
6.3.1 Feasibility Studies and Designs ........................................................ 22
6.3.2 Road Rehabilitation and Maintenance Projects.............................. 22
6.3.3 Road Authorities ................................................................................. 26
6.3.4 Feeder Roads ...................................................................................... 27
6.3.5 National Park Roads ........................................................................... 28
6.3.6 Bridges ................................................................................................. 28
6.3.7 Axle Load Control ............................................................................... 30
6.4 Challenges of Implementing the 2008 AWP ............................................... 32
7.0 FINANCIAL REPORT ...................................................................... 34
8.0 CONCLUSION ................................................................................. 35
APPENDICES ........................................................................................ 36
APPENDIX A: Terms of References for RDA Board Committees .......... 37
APPENDIX B: RDA Organisation Matrix ............................................... 43
APPENDIX C: Ongoing Rehabilitation and Upgrade Contracts ............ 44
APPENDIX D: Ongoing Periodic Maintenance Roads Contracts ........... 45
APPENDIX E: Ongoing Urban and Feeder Roads Contracts ................. 46
APPENDIX F: Audited Financial Report ................................................ 46

iii
Abbreviations
ACC Anti Corruption Commission

ACEZ Association of Consulting Engineers of Zambia.
ADF African Development Bank
ADSP Agricultural Development Support Programme
AIDS Acquired Immune Deficiency Syndrome
APL 2 Adaptable Program Lending 2
AURRP Accelerated Urban Roads Rehabilitation Programme
AWP Annual Work Plan
BADEA Arabic Bank for Economic Development in Africa
Bn Billion
CEO Chief Executive Officer
CML Central Materials Laboratory
COMI Committee of Ministers on Road Management Initiative
COPS Committee of Permanent Secretaries
DANIDA Danish International Development Agency
DDCC District Development Coordinating Committee
DKK Danish Kroner
dTIMS Delton’s Total Infrastructure Management System
EBRP Essential Bridge Rehabilitation Programme
EIZ Engineering Institute of Zambia
ECZ Environmental Council of Zambia
ESCO Engineering Services Corporation
EU European Union
EDF European Development Fund
EIA Environmental Impact Assessment
EPB Environmental Project Brief
FNDP Firth National Development Plan
GPS Global Positioning System
GRZ Government of Government of Zambia
HDM Highway Development and Management
HIPC Highly Indebted Poor Countries
HMS Highway Management System
HIV Human immunodeficiency virus
HIPC Highly Indebted Poor Countries
HDM Highway Development and Management
ISO International Standards Organisation
IDA International Development Assistance
JDF Joint Donor Forum
JICA Japan International Corporation Association
KFAED Kuwait Fund for Arab Economic Development
Km Kilometer
LRA Local Road Authority
MACO Ministry of Agriculture and Cooperatives
MCT Ministry of Communication and Transport
MDCFBD Multi Disciplinary Committee of Farm Block Development
iv
MDGs Millennium Development Goals
MLGH Ministry of Local Government and Housing
MoFNP Ministry of Finance and National Planning
MoJ Ministry of Justice
MoU Memorandum of Understanding
MP Member of Parliament
MTENR Ministry of Tourism, Environment and Natural Resources
MWS Ministry of Works and Supply
NCC National Council for Construction
NDF Nordic Development Fund
NGOs Non-Governmental Organisation
NORAD Norwegian Agency for International Development
NRFA National Road Fund Agency
NSTC National Scientific and Technology Council
OPEC Oil Producing and Exporting Countries
OPRCs Output and Performance based Road Contracts
PDCC Provincial Development Coordinating Committee
PRSP Public Reform Sector Program
PS Permanent Secretary
RDA Road Development Agency
RMI Road Management Initiative
ROADSIP Road Sector Investment Programme
RRMP Road Rehabilitation and Maintenance Project
RTSA Road Transport and Safety Agency
SADC Southern Africa Development Community
T, M and Trunk, Main and District Roads
D
US$ United States Dollar
VCs Video Conferences
VOMS Vehicle Overload Management System
ZAWA Zambia Wildlife Authority
ZKw Zambian Kwacha
ZNTB Zambia National Tender Board
ZPPA Zambia Public Procurement Authority
ZBOS Special Board of Survey
v
VISION, MISSION, VALUES
Vision
To become the most efficient Road Agency in Sub-Saharan Africa.
Mission
To provide a safe, fit for purpose accessible road network, in maintainable condition in
order to spur socio-economic growth in Zambia.
Values and Principles
Honest and integrity

Transparency and Accountability
Teamwork
Responsiveness
Zero tolerance to corruption
Commitment
Customer satisfaction
vi
CHAIRMAN’S REPORT
Mr. Walusiku Lisulo

Board Chairman
This is the fourth Annual Report of the Road Development Agency (RDA). The report
shows that the performance of the Agency in 2008 was satisfactory having achieved the
objectives of the work programmes set under the RoadSIP II. The significant
achievements include:
• The targets set, with respect to the AWP and RoadSIP II were delivered or
exceeded;
• The RDA structure and business model was fully established and fit for future
performance;
• The network was kept open and safe for the public.
We succeeded in fulfilling our core function as asset manager in maintaining the road
network and delivering a set of network improvements in line with the targets in the
Annual Work Plan. Key roads, including the Solwezi - Lumwana road and Mongu
Senanga were rehabilitated and completed. The rehabilitated portion of the Lusaka –
Chirundu road will reduce accidents and improve travel time through the escarpment
and generate the expected benefits in reduced vehicle operating costs.
We have kept the momentum on-going projects, particularly on GRZ funded upgrading
projects by ensuring that all funds provided within the limits of the budget are utilised as
was the case for the Kasempa – Turnoff to Kabompo where the full budget amount of
ZMK 35 Billon was used to upgrade 38 km of road against a set target of 22 km.
We are proud of the success made on the completion of the Levy Patrick Mwanawasa
Bridge, a legacy of our late president, and to keep alive the objective in RoadSIP II to
replace all crossings operated by Pontoons with bridges. This project was executed
under a unique commitment by GRZ to commission and finish projects within time and
budget. This commitment is further reflected in the planned construction of major
bridges at Chiawa and Mufuchani beginning in 2009.
Our ability to deliver the expected services is grossly inherent in the continued
improvement of the funding to the Sector. The budget for the year 2008 was increased
by 35% which positively influenced the performance of the Agency. We can assure the
public that with an improved and sustained budget we can guarantee an improvement
in the maintenance of the network throughout the country.
vii
As we complete our fourth year as an Agency, we face the considerable challenge of
delivering good and sustainable roads to the nation. We will continue to rely heavily on
the hard work and commitment of all our staff and guidance of the RDA Board.
I would like to thank the Committee of Ministers (COMI) on the Road Maintenance
Initiative (RMI) and the Committee of Permanent Secretaries for their support and
continued leadership and guidance.
In addition, I am grateful to my fellow Board Members for their keen effort in the
establishment and direction of the Agency. I am also grateful to our Cooperating
Partners for their financial and technical support and to our industry counterparts.
Particular thanks go to the management of RDA for their commitment and dedication.
To our road users, thank you for your continued patience, support and feedback. We
reassure you of our commitment to make the road network even better in order to
ensure the objectives and goals of RoadSIP II are achieved and bring the Core Road
Network into maintainable condition by 2013.
Last but not least, I welcome the continuing support and commitment of all our
stakeholders over the coming years in meeting our ambitions in the road sector.
Walusiku Lisulo
Chairman
Road Development Agency
viii
EXECUTIVE SUMMARY
General
This Annual Report presents the activities of the Road Development Agency during the
period 1st January to 31st December 2008. The Report records the key successes and
challenges and is intended to give the stakeholders a good understanding of the
performance of the Agency in terms of road infrastructure development and
management, in line with good corporate governance.
Road Sector Investment Programme

The Government of the Republic of Zambia (GRZ) has been implementing the Road
Sector Investment Programme (ROADSIP) since 1998. ROADSIP II aims at
systematically maintaining the road network, to effectively contribute to the
development of the national economy, reduce poverty, generate employment and
increase opportunities for the rural people, etc. During the year the RoadSIP II
document was being updated to bring it in line with the current economic conditions.
The implementation of RoadSIP is monitored through the RoadSIP Steering Committee
to which the RDA is member. The RDA participated in all the activities that the
committee undertook during the year. In monitoring the RoadSIP the only one of the
two planned Joint Donor missions was held in March 2008.
Board Activities
The Board of Directors remained unchanged with the exception of Mrs. Mukuka Zimba
who was replaced by Dr. Eustern Mambwe from the Ministry of Transport and
Communication. The Board held four meetings to give policy guidance to the Agency
with respect to issues such as the Annual Work Plan, operational budgets and to monitor
progress of project implementation. The sub-committees of the Board on Administrative
and Finance Committee, Audit and Technical affairs also held several meetings to
provide guidance to the RDA in line with their Terms of Reference and mandate. The
Committee of Ministers (COMI) on Road Management Initiative and the Committee of
Permanent Secretaries experienced changes on account of changes of the Cabinet
Ministers and Permanent Secretaries respectively. The COMI met during the year to
consider the AWP and operational budget.
RDA Structure
The approved RDA organization structure continued to function during the year.. The
regional offices continued to positively contribute to the functions of the agency. ESCO
was appointed a Local Road Authority in addition the 72 councils and ZAWA. In
undertaking to streamline the operations of the LRAs, a Task force comprising MLGH,
MWS, RDA and LRAs was constituted to draft the operational guidelines for the
management of Feeder and Urban roads.
Road Development Agency Activities

All projects undertaken by the Agency were adequately publicized through the print and
electronic media. The Agency procurement threshold was increased from ZMK 4 billion
to ZMK 40 billion thereby greatly reducing the procurement time. The Agency is
increasingly decentralizing the procurement of routine maintenance to the regional
offices. By publishing awards the Agency is committing to accountability and
transparency in the procurement process.
ix
The Agency continued with network planning and also undertook review of studies and
compliance to design specifications through laboratory conformance tests.
Environmental compliance remained of paramount importance at various stages of
project implementation. The HMS database was fully developed and integrated with the
technical and economic software tools, to form the basis for preparation of subsequent
Annual Work Plans. The collected 2008 road condition data indicated that 94% of the
paved road network (TMD) was maintainable while 90% of the unpaved road network
could be classified as fair.
The Central Materials Laboratory carried out quality assurance tests on and continued to
test the performance and characteristics of new road construction materials. The
demand to test materials from external clients was overwhelming and the laboratory
raised a total of over ZMK 206 million. Management has applied for ISO certification of
the laboratory.
Review of the 2008 AWP

Compared with the 2007 AWP budget of ZMK 787 Billion, the budget for 2008 AWP
was increased by at least 35% to ZMK1.210 trillion. The budget comprised of 43%
donor and 57% local resources. Approximately 95% of funds committed under GRZ and
Road Fund (Fuel Levy and ORUC) were released while only 51% of the donor
component was released. A number of issues that strongly influenced the average
performance on the donor component included: lengthy procurement process and lack
of will of some contractors to work on some roads in challenging environments such as
in Western Province.
Selected performance indicators reported with respect to the targets set in the Annual
Work Plan and RoadSIP II were either fully delivered and or surpassed. Routine and
rehabilitation performance targets set in the AWP achieved 78% and 248% respectively.
RoadSIP II indicators were met in full with performance rates of 204% for rehabilitation
paved and 92% for maintenance paved. The performance rates for rehabilitation and
maintenance of unpaved roads were 132% and 62% respectively.
At least six studies were completed while over eight Feasibility and Detailed design
studies were on-going by the end of year.
There were a total of 31 Upgrading and Rehabilitation contracts, 57 Periodic

maintenance contracts and 200 Routine maintenance contracts under implementation
and several complementary supervision Consultancy contracts on the Trunk, Main and
District Roads. Projects which were successfully completed included the Periodic
Maintenance of 95 Km of the Solwezi-Lumwana, Rehabilitation of 34 Km of Lusaka-
Chirundu and Rehabilitation and Maintenance of 103Km of the Mongu-Senanga.
Momentum was maintained on on-going projects, particularly on GRZ upgrading projects
by ensuring that all funds provided within the limits of the budget were utilised as was
the case for the Kasempa Turnoff – Kabompo where the full budget amount of ZMK 35
Billon was used to upgrade 38 km of road.
x
Projects completed under the Local Road Authorities included the Kamwala bypass and
Lumumba Service lanes in Lusaka, Chibombo access road and Roan Mpatamatu road in
Luanshya etc. Major on-going projects were focused on roads in Urban areas including
Lusaka, Chipata etc. The early procurement of works by ZAWA resulted in at least 21
contracts valued at ZMK 35 Billion. The Road Authority was able to maintain at least 200
km of roads. The procurement process for the EU Feeder Road Progarmme and IDA/
EU Agricultural Development Support Project (ADSP)l Feeder roads projects targeting
the rehabilitation of 1500 km of feeder roads was concluded in late 2008 and it was
planned that the full civil works would commence in early 2009.
A total of 13 bridges, including the Levy Patrick Mwanawasa, Chisanzu, Mutinondo,

Mwiluzi and Momboshi bridges, funded by the GRZ were completed. The Levy Patrick
Mwanawasa Bridge was executed under a unique commitment by GRZ to commission
and finish projects within time and budget. The Agency advanced the planning stages
for the construction of bridges at Chiawa, Mufuchani and Kazungula.
The Agency continued to monitor the Axle loads plying the roads in Zambia and carried
out a benchmark survey on 9 weigh points. It was observed that the rate of overloading
had reduced to 3.1% on axle loads and 8% on gross vehicle mass (from 30% for axle
loads and 55% for gross vehicle mass). The Agency has continued the good working
relations with the Anti Corruption Commission (ACC) on this programme.
In implementing the AWP2008, the Agency faced several challenges that included, long
tendering procedures, lack of implementation capacity in the Local Road Authorities and
inadequate contracting capacity arising from the banning of some contractors. Other
constraints included the ban of advance payment that reduced the capacity of some
contractors. The inadequate operational budget affected the ability of the Agency to
undertake effective monitoring of Contractors and consultants.
In spite of the odds, the Road Development Agency achieved its objectives in the
implementation of the Annual Work Plan.
xi
1 INTRODUCTION
1.1 General
This Annual Report presents the activities of the Road Development Agency during the period
1st January to 31st December 2008. The Report records the key successes and challenges and
is intended to give the stakeholders a good understanding of the performance of the Agency
in terms of road infrastructure development and management, in line with good corporate
governance. The Government of the Republic of Zambia (GRZ) has been implementing the
Road Sector Investment Programme (ROADSIP) since 1998. ROADSIP I started in 1998 and
was completed in 2003 at a cost of US$ 520 million, while the RoadSIP II started in 2003
and will end in 2013, at a cost of US$ 1.6 billion with the key objective of bringing a Core
Road Network of 40,113 km into maintainable condition.
In this regard ROADSIP II aims at systematically maintaining the road network, to effectively
contribute to the development of the national economy, reduce poverty, generate
employment and increase opportunities for the rural people.
1.2 Structure of the Report

The report is structured as follows: Chapter 2 presents a brief on RoadSIP II which sets out
the principal role and thrust behind the industry focus. Chapter 3 outlines the activities of the
Board for the year 2008. An overview of the RDA structure is presented in Chapter 4. Chapter
5 presents departmental activities whereas Chapter 6 reviews the 2008 AWP; Chapter 7
presents the financial report and the conclusion is presented in Chapter 8.
1
2 ROAD SECTOR INVESTMENT PROGRAMME (ROADSIP II)
The Road Sector Investment Programme (RoadSIP) was formulated following Zambia’s assent
to the World Bank’s sponsored Road Maintenance Initiative (RMI) with the objective of
concentrating on preventative road maintenance, by carrying out repairs and strengthening
before failure takes place, and protecting road pavements from deterioration.
The expected cost at the time of programme preparation was US$ 1.642 billion over ten
years, with slightly under half of this total expended in the first five years. However, the cost
of road construction has increased considerably over the last few years and the total cost of
RoadSIP II will need to be revised. The NRFA with funding from the World Bank appointed a
consultant to review and update the RoadSIP II Bankable Document in order to bring it up to
date with the current economic conditions prevailing in the Road Sector. The study aims to
update the unit cost for construction of roads/bridges and also revisit some of the
performance indicators that may be obsolete.
2.1 Steering Committee Meetings

In order to spearhead the implementation of ROADSIP, a ROADSIP Steering Committee was
constituted comprising the following key organizations involved in the road sector:
• National Road Fund Agency (being the coordinator);
• Road Development Agency;
• Road Transport and Safety Agency;
• Ministry of Local Government and Housing;
• National Council for Construction;
• Ministry of Communication and Transport;
• Ministry of Finance and National Planning;
During the year under review, the RDA participated in all the RoadSIP Steering Committee
meetings which were essentially in preparation for the Missions by the World Bank , the
Nordic Development Fund (NDF) and the Joint Donor Forum as well as World Bank/NDF Video
Conferences (VCs).
2.2 World Bank and Joint Donor Missions

Two World Bank Missions were held during the year under review i.e. March 24 – April 08 and
September 22 – October 3. The detailed objectives of the missions were to:
• Introduce and familiarize the new Task Team Leader Pierre Pozzo di Borgo to the
Zambia transport portfolio following the transfer of Ben Gericke to South East Asia;
• Review progress on various components of Road Rehabilitation and Maintenance
Programme (RRMP) and additional financing to RRMP;
• Participate in the Joint Donor Mission for the transport sector comprising EU, DANIDA,
JICA, and KfW, and;
• Pre-appraise the RRMP Phase 2, which is currently under preparation.
During the year under review, only one Joint Donor Missions (JDM) meeting was held which
coincided with the World Bank Mission and took place between March 24 – April 08, while the
September 22 - October 3 JDM which was also supposed to coincide with the WB mission
was postponed due to the presidential elections. The main objectives of the missions were (i)
to analyze and discuss the progress of road sector reforms with stakeholders and (ii) to
assess the implementation progress of Road Sector Investment Programme (RoadSIP II). The
issues considered and discussed during the March 24 – April 08 JDM included among other
issues: Sector absorption/Sector performance, Institutional reforms and recent sector
development hampering sector performance.
2
3 BOARD ACTIVITIES
This Chapter of the report discusses the activities of the Road Development Agency Board for
the year 2008. It sets out the key responsibilities and agendas that were set out for the 2008
and occasions when the board and its respective committees met to consider and deliberate
on various issues.
3.1 Composition of the Board of Directors

The Road Development Agency Board comprises 16 Directors drawn from the private and
public sectors and the directors of the three Road Sector Agencies RDA, RTSA and NRFA
Private Sector Directors
1. Mr.Walusiku Lisulo is a private member appointed by the Minister;

2. Dr. Dennis Wanchinga representing the National Science and Technology Council
(NSTC);
3. Mr. Aggrey Musamba representing the Zambia National Farmers’ Union;
4. Mr. Julius K. Lungu representing the Engineering Institution of Zambia (EIZ);
5. Mr. Martin Chongo representing the Chartered Institute of Logistics & Transport;
6. Mr. Fredrick S. Mtamira representing the National Council for Construction;
Public Sector Directors

7. Lt. Col Bizwayo Nkunika (Rtd) representing the Ministry of Works and Supply;
8. Mr. Peter Lubambo representing the Ministry of Local Government & Housing
(MLGH);
9. Mr Emmanuel Ngulube representing the Ministry of Finance & National Planning
(MoFNP);
10. Dr. Eustern Mambwe representing the Ministry of Communication and Transport;
11. Mrs. Justina C. Wake representing Ministry of Tourism, Environment and Natural
Resources;
12. Mrs. Anne M. Sitali representing the Attorney General;
13. Mr. Imataa M. Akayombokwa representing the Ministry of Agriculture and
Cooperatives (MACO);
Directors of the three Road Sector Agencies and Ex-officio members of the Board without
voting rights.
14. Mr. Erasmus Chilundika, Acting Director of the RDA and Secretary to the Board;
15. Mr. Fredrick Mwalusaka, Director of the Road Transport and Safety Agency
(RTSA);
16. Mr. Raphael Mabenga, Director of the National Road Fund Agency (NRFA)
Figure 3-1, Figure 3-2 and Figure 3-3 show a pictorial presentation of the Board of Directors.
3
THE BOARD OF DIRECTORS
Mr. Walusiku Lisulo

Board Chairman
Mrs. Anne M. Sitali

Vice Chairperson
Dr. Dennis Wachinga Mr. Julius K. Lungu

Member Member
Mr. Fredrick S. Mtamira Mr. Martin Chongo Mr. Aggrey Musamba

Member Member Member
Mr. Peter Lubambo Mrs. Mukuka Zimba Lt. Col. Bizwayo N. Nkunika
4
Mr. Emmanuel Ngulube Ms. Justina C. Wake Mr. Imataa M. Akayombokwa
Mr. Erasmus Chilundika Mr. Rapheal Mabenga Mr.Fredrick Mwalusaka

Member / Secretary of the Board Member Member
During the year 2008 the Board of Directors held four (4) meetings to deliberate on the
following key issues:-
• RDA Operations Budget for 2009;
• Appointment of the Agency Director;
• Audited Financial Statements for RDA and Axle Load Control Programme
• Financial position of the Agency;
• Annual Work Plan for 2009;
• Annual Report and mid-term review and quarterly progress report for 2008;
• New projects that required funding in 2008;
• Structure reorganization to make RDA more effective;
• RDA Motor Vehicle Transport Policy;
• Report on the Special Board of Survey (SBOS) for the Audit and verification of the RDA
mobile plant and equipment;
• Strategic plan of the RDA;
To ensure effective delivery of RDA policies the Board has appointed three Committees. These
are Administration and Finance Committee, Technical Committee and Audit Committee. The
terms of reference for the committees are included in appendix A.
5
3.1.1 Administrative and Finance Committee
The Administrative and Finance Committee deals with administrative and financial issues of
the RDA and is made up of the following members as shown in
Figure 3-1:
Mr. Walusiku Lisulo

Chairperson
Mrs. Anne M. Sitali

Vice Chairperson
Lt. Col. Bizwayo N. Nkunika

Member Mr. Emmanuel Ngulube
Member
Mr. Peter Lubambo Mr. Martin Chongo Mrs. Mukuka Zimba Mr. Erasmus Chilundika
Member Member Member Member
Figure 3-1 Administrative and Finance Committee members
During the year 2008, the Committee held four (4) meetings to deliberate upon the following
issues:
• Consideration and approval of the RDA Operations Budget for 2009;
• Consider and approval of the Agency’s Financial position;
• Consideration and approval of the appointment of the Agency Director;
• Consideration and approval of the Audited Financial Statements for RDA and Axle Load
Control Programme;
• Consideration and approval of the RDA Motor Vehicle Transport Policy;
6
• Consideration and approval of the Report on the Special Board of Survey (SBOS) for
the Audit and verification of the RDA mobile plant and equipment; and
• Consideration and approval of the re-organization of the Agency.
3.1.2 Technical Committee
The Technical Committee deals with all technical issues and is made up of the following
members as shown in Figure 3-2:
Mr. Julius K. Lungu

Chairman
Dr. Dennis Wanchinga Mr. Imataa M. Akayombokwa

Member Member
Mr. Fredrick S. Mtamira Ms. Justina C. Wake Mr. Erasmus Chilundika

Figure 3-2 Technical Committee members
During the year 2008, the Technical Committee held five (5) meetings to consider and
approve the following:
• Annual Report for 2007;

• Annual Work Plan for 2009;
• Recommendation on the Tolling of the Trunk road network in Zambia;
• Effects of the 42 banned contractors on the implementation of the AWP 2008;
• New projects that required funding in 2008;
• Consider mid-term review and quarterly progress reports for 2008; and
• Proposal for reconstruction of priority river crossings in Zambia.
7
3.1.3 Aud
dit Committtee
The Comm
mittee is mad
de up of the following me
embers as shown
s in Figure 3-3:
Mr. Fredrick
k S. Mtamira
Chairman
Mr. Aggrrey Musamba no Chungu

Mr. Kaitan
Me ember Mem mber
Mr. Bo
oniface Tumb
bwe Mr. Jonatthan Muke M Anderson Mwape
Mr.
Member Memmber Member
Figure 3-3 Audit Committee

C m
members
During thee year 2008,, the Comm

mittee held eight
e (8) me
eetings to co
onsider and approve th
he
following:
• Financia
al Statementts for the RDA and Axle e Load Conttrol Program
mme includin
ng
the Mannagement Le etter from th
he External Auditors;
A
• Status Report
R on thhe 2008 Audit Plan;
• Four (4)) Internal Au
udit Reports
ernal Audit Report on the procure

a) Inte ement of a Financial Managemen
nt
Softtware.
b) Inte
ernal Audit Report
R on the
e Creditors System.
S
c) Inte
ernal Audit Report
R on Accounting Policies.
d) Inte
ernal Audit Report
R on the
e Contractorr’s VAT statu
us
8
3.2 Committee of Ministers on Road Maintenance Initiative (RMI)
The RDA Board reports to the Committee of Ministers (COMI) on RMI on Policy issues. The
composition of the RMI is shown in Figure 3-4
Hon. Sarah Saifwanda MP Hon. Kapembwa Simbao, MP Hon. Peter Magande, MP Hon. Felix Mutati, MP
Minister of Communications & Minister of Works & Supply – Minister of Finance and Minister of Energy & Water
Transport – Chairman Vice Chairperson National Planning Development
Hon. Slyvia Masebo, MP Hon. Kabinga J Pande, MP Hon. George Kunda SC, MP Hon. Ben Kapita, MP
Minister of Local Govt. & Housing Minister of Tourism, Env. & Minister of Justice Minister of Agriculture &
Natural Resources Cooperatives
Figure 3-4 COMI on RMI members
During the year 2008, changes were made to the Committee of Ministers on RMI on account
of changes of the Cabinet Ministers. However, during the period under review, the Committee
met once to consider and approve the Annual Work Plan and Operational Budgets of the Road
Sector Agencies.
9
3.3 Committee of Permanent Secretaries on RMI
The Committee of Permanent Secretaries (COPS) on RMI functions and provides services as
secretariat to the Committee of Ministers on RMI. The composition of the Committee is as
shown in figure 3.8 below:
Mrs. Mukuku Zimba (Chairperson)

PS - MCT
Lt. Col. Bizwayo N. Nkunika Mr. Joe N. Ngo Mr. Richard Chizyuka
PS – MWS PS – MLGH PS – MACO
Mr. Emmanuel Ngulube Mr. Russell Mulele Mrs. Getrude M.K. Imbwae
PS (BEA) – MOFNP, PS – MTENR PS – MOJ
Figure 3-5 COPS on RMI members
10
4 THE RDA STRUCTURE
In order to undertake all its functions the Agency has a very lean and agile structure which is
conveniently organized around the four main directorates namely; Planning and Design,
Construction and Maintenance, Technical and Commercial and the Corporate Services with
each of these headed by a manager who reports to the Director and Chief Executive Officer.
The functions of each department are different in nature, yet complimentary in purpose to the
overall aims and objectives of the Agency. Its principal tasks are:
To strategically plan, design, construct, operate, rehabilitate and maintain Zambia’s

public road network
To deliver and maintain a primary road network of world-class standards
To generate revenues from the development and management of these assets
To undertake research and development to enhance the quality of Zambia’s roads
To advise the Minister of Works and Supply on matters relating to Zambia’s roads
4.1 RDA Structure and Appointments
The Agency comprises of 4 directorates:

(i) The Planning and Design Department which is responsible for network planning ,
road and bridge design, laboratory services and research and environment / social
management. The department plays a critical role in the formulation and
implementation of the AWP activities by ensuring that surveys, designs and
procurement are conducted in time for physical implementation.
(ii) The Construction and Maintenance Department is responsible for the contract
management of all construction and maintenance activities on the road network as
promulgated in the 10 year RoadSIP programme. The department has a
considerable portfolio as it also co-ordinates the operations of all the nine
provinces in addition to managing the major national projects under
implementation.
(iii) The Technical and Commercial Services Department is responsible for enforcement
of and control of axle load limits on the public road network. The department also
manages the RDA mechanical assets that include the vehicle and plant fleets. In
addition the department is mandated to mobilize financial resources through
various income generating ventures that presently mainly include the management
of quarries and crushing plant.
(iv) The Corporate Services Department is responsible for all non-core functions of the
RDA. The Department coordinates the General Management of all the support
functions such as; Finance, Risk Management, Information Technology, Public
Relations, Record Management, Procurement, Administration, Insurance, e.t.c. The
Department is pivotal to the core functions of the Agency.
The approved RDA organization structure continued to function under the leadership of Acting
Director and Chief Executive Officer Mr. Erasmus M. Chilundika (Manager for Planning and
Design) supported by the four directorates and key units of Finance, Internal Audit and
Monitoring and Evaluation. The appointment of the rest of staff was substantially completed
and filled beginning of 2008. A complete structure of RDA is included in appendix B. The
senior management composition is shown Figure 4-1 :
11
Mr. Erasmus Chilundika
Ag. Director and Chief Executive Officer
Mr. Daniel Mulonga Mr. Nason Balashi Mr. Stephen Malubila Mr. Kasote Singogo
Ag. Manager – Planning & Manager – Technical Manager - Construction Manager- Corporate
Design and commercial and maintenance Services
services.
Figure 4-1 RDA Senior Management
4.2 Regional Offices

The RDA has nine Regional Offices that primarily manage the road networks within their
provincial jurisdictions. The regional offices carried out road surveys and prepared work plans
for the respective regions. They also undertook limited procurement within their allowable
thresholds for routine and emergency works. The regions also participated in the enforcement
of Axle load limits. The regions fully engaged the Local Road Authorities in management of
the networks in the districts.
4.3 Local Road Authorities

The Engineering Services Corporation (ESCO) was appointed by the Minister of Works and
Supply as a Road Authority responsible for operation of all public pontoons. An agreement on
the operations has since been signed between the Road Development Agency and ESCO. The
appointment of the Authority was in addition to the 72 councils which are road authorities and
ZAWA.
A meeting was called in the first quarter of the year to look at the relationship between the
Road Development Agency (RDA) and the Department of Infrastructure and Support Services
under the Ministry of Local Government and Housing DISS – MLGH) to clarify
roles/responsibilities of MLGH, MWS, RDA, District Councils / LRA in the management of
district road networks. A Task Force was constituted to draft a circular on the Management of
Feeder (Rural) and Urban Roads. The circular was drafted and it was resolved that this would
become effective from 24th April, 2008.
12
5 ROAD DEVELOPMENT AGENCY ACTIVITIES
The RDA continued to carryout it’s activities through its principal departments that took keen
interests to enhance their specific principal areas of performance. The following sections
discuss the performance / activities of the Agency.
5.1 Corporate Services
5.1.1 Public Relations

All projects undertaken by the Agency throughout the country were adequately publicised.
The Agency produced and broadcast radio programs that were aired on community radio
stations. The Agency was adequately covered in the media and a number of news stories and
feature articles were generated by various news organizations from site visits undertaken with
the media. In order to enhance operational relations the Agency convened the annual
Workshop for Local Road Authorities and organised some contractor training on tendering.
5.1.2 Procurement
The year 2008 marked a great improvement in the number of procurements undertaken. Over
340 procurements were awarded by the RDA Procurement Committee and the Zambia Public
Procurement Authority (ZPPA), formerly known as the Zambia National Tender Board (ZNTB).
During the year, the RDA Procurement Committee’s threshold was increased to ZMK 40 billion
from ZMK 4 billion which greatly reduced the procurement time.
In the light of the increased number of procurements and increased procurement threshold,
the Agency moved to increase the Procurement Proficiency at the RDA Head Office. There
remains further the need to decentralise procurement of routine maintenance to the regional
office. The LRA should be able to plan, procure works and service themselves. In this regard,
LRA and Regional Staff are increasingly taking the lead in preparation of bid documents,
closing and opening of bids and bid evaluation with backstopping assistance being provided
by the RDA HQ.
The Agency continued to publicize the awarded tenders in order to improve transparency and
to afford firms who were not responsive an opportunity to learn of the deficiencies in their
bids through debriefing sessions.
The agency procured a total of 403 contracts worth approximately ZMK 4 000 Billion. The
Agency also procured emergency works tenders for roads which were damaged due to
various natural and artificial causes. Arising from the 2008 Procurement Plan, the following
were observed:
(a) Lack of capacity in LRA to prepare bidding documents and procure Works and
Consultancy Services contributed to delays in the implementation of the AWP.
(b) Few Contractors were registered in grades 1-3 with the National Council for
Construction (NCC) resulting in the same contractors bidding for works in that
category.
13
5.1.3 Information Technology Unit
The main activities carried out during the year in relation to Information Technology (IT) are
summarized in Table 5.1.3-1
Table 5.1.3-1: I.T Activities

Activity Summary of Project Activities
Upgrading software Applications The application Microsoft Office 2003 was upgraded to
Microsoft Office 2007 on all RDA computers and laptops.
The Agency procured and installed Kaspersky Anti Virus
with a license of 150 users at RDA HQ and Regional
Offices.
Networking of Chipata Regional Chipata Regional Office was fully networked with 12
Office network points and linked to the Internet through highway
broadband. All computers and related equipment were
serviced and Anti Virus was installed on all the computers
at the Regional Office.
Vehicle Overload Management The Vehicle Overload Management System (VOMS) is a

System Sybase database system which is used by the Axle Load
Control Unit to weigh axles of vehicles on the electronic
weighbridge. In order to increase its efficiency, the system
was upgraded at Axle Load HQ in Lusaka, Kapiri Mposhi
Weighbridge and Kazungula Weighbridge.
5.2 Technical and Commercial Services

The Technical and Commercial Services Department focused on support to all mechanical
services comprising the subunits, quarries, transport office and pontoons.
5.2.1 Motor Vehicles

During the year under review all RDA motor vehicles were insured and duly serviced by the
authorized service providers to ensure mobility and execution of the core operations of the
Agency.
5.2.2 Quarries
The Management of the operations of the RDA owned quarries continued to be on lease to
various private firms. The lease and performance status of the RDA quarries and crusher plant
units for the period under review is summarised in Table 5.2.2-1.
14
Table 5.2.2-1: RDA Stone Quarries Lease and Operational Status.
Item Quarry name & Contractor Scope of lease Lease & operational status
no. Location leased to:
1. Kafue Quarry, Raubex Stone pit, Lokomo 3-year lease contract: May, 2006
Kafue District. Construction (Z) C100, Fixed, 100 to May, 2009. Operational &
Ltd, Lusaka. t/hr crusher plant & productive.
buildings.
2. Senkobo Quarry, Raubex Stone pit, Lokomo 3-year lease contract: May, 2006
Livingstone District. Construction (Z) C63, mobile, 50 t/hr to May, 2009. Non-operational &
Ltd, Lusaka. crusher plant & non-active. Contract failed &
buildings. under termination.
3. Luombe Quarry, Raubex Stone pit, part of 8-month lease contract: Nov, 2008
Kasama District. Construction (Z) the Nakayama to July, 2009. Operational &
Ltd, Lusaka. SNP100M-3A, productive.
mobile, 50 t/hr.
4. Kafunkha Sable Transport & Part of Nakayama 1-year lease contract extension:
Quarry, Sinda Construction Ltd, SNP100M-3A April, 2008 to March, 2009.
District. Lusaka. mobile, 50 t/hr Operational & productive.
(Crusher plant only).
5. Bwana Mkubwa Phoenix materials Stone pit, Lokomo 3-year lease contract: March,
Quarry, Ndola Ltd, Kitwe. C80, mobile, 50 t/hr 2007 to March, 2010. Operational
District. crusher plant & & productive
buildings.
6. Kasavasa Quarry, Raubex Lokomo CP100, 3-year lease contract: May, 2006
Kabwe District. Construction (Z) mobile, 100 t/hr to May, 2009. Currently relocated
Ltd, Lusaka. (Crusher plant only). to Sinjela Quarry, Chongwe
District. Operational & productive.
7. Shimabala, Sable Transport & Part of Kurimoto Non-operational following the

Quarry, Kafue Construction Ltd, FJ2415P suspension of operations by the
District. Lusaka. 30-45 t/hr. Environmental council of Zambia.
(Crusher plant only).
China Geo- Site and stone pit 3-year lease contract: October
8. Mbabala, Quarry, Engineering only. Contractor 2008 to October 2011. Operational
Choma District. Corporation, provided own & productive.
Lusaka. crusher plant
A few serviceable mobile plants continued to be utilized by respective Regional Engineers to

carry out works by force account particularly on DMMU projects and emergencies. However,
due to the obsolete state of most of the units consideration was made to dispose them.
5.3 Planning and Design

The Agency continued with network planning and also undertook review of studies and
compliance to design specifications through laboratory conformance tests. Environmental
compliance remained of paramount importance at various stages of project implementation.
5.3.1 Network Planning
5.3.1.1 Highway Management System

Emphasis was placed on the development of a robust database for the Highway Management
System. This meant that subsequent AWP for the TMD roads would be prepared based on the
reports generated from the system. The development of a system for lower order roads also
continued with the further development of the Secondary and Tertiary Roads Management
15
System (STROMAS); staff of the LRAs will be trained in the operation of STROMAS for their
use.
(a) Database development

A robust relational database management system to support the HMS was developed and
placed on a server as an enterprise resource tool. The database comprised the Road
Information System that stored all inventory and condition data. A pavement management
system was developed around the database to analyse the road into dynamic segments that
are then exported to the modeling software HDM-IV. The HDM-IV provides a firm technical
and economic basis for development of a rational AWP.
(b) Road Condition

To support the HMS, the Agency continued to collect road network data annually through the
contract signed with Roughton International in 2006 on the TMDs for a period of 4 years up
to 2009. Data has been collected for the past three (03) consecutive years (2006/2007/2008)
and has been used to calculate network performance indicators. Data on the road condition of
Trunk, Main and District Roads was collected and analyzed as shown below:
Table 4-1: Paved Road Network Condition

Condition % of Network % of Network % of Network
2006 2007 2008
Good 29 17 33
Fair 64 72 61
Poor 7 11 6
Total 100 100 100
Clearly the condition of the paved road network has generally improved over the last few
years with just 6% of the road network reported as poor in 2008.
The condition of the unpaved road network has remained poor. This is despite the increased
investment in this type of network. The main cause was the unusually heavy rains in the
2007/8 rainy season.
Table 4-2: Unpaved Road Network Condition

Condition % of Network % of Network % of Network
2006 2007 2008
Good 22% 36% 8%
Fair 30% 24% 9%
Poor 48% 40% 83%
Total 100% 100% 100%
However, it is observed that accessibility still exists and riding quality is fair; thus the
condition of the network is mostly fair as shown below.
Table 4-3: Unpaved Network Condition using New Criteria

Condition % of Network
(Roughness(IRI) Criteria) 2008
Good 4%
Fair 91%
Poor 5%
Total 100%
16
(c) Road network reclassification
The RDA continued carrying out a road network reclassification exercise. The study aims at
reclassifying the road network for the purpose of apportioning and optimizing resources in the
development and maintenance of the core road network. The study is being conducted under
two phases: the reclassification phase and the road inventory and condition surveys.
During the year the entire field works for the Road Inventory and Condition Surveys (on
Urban and Primary Feeder Roads) were completed end of November 2008. This meant that
for the first time ever an inventory of 40, 113 km of the CRN was created and mapped. By
the end of the first quarter the draft reclassification guidelines were proposed and discussed
at a stakeholder workshop that was held in May 2008.
5.3.2 Laboratory
The RDA operates a Central Materials Laboratory (CML) that is used to test materials for
quality control, external clients and research. During the year the CML carried out quality
assurance on at least 15 projects and continued to test the performance and characteristics of
new road construction materials on the market such as soil stabilizers, road line marking
paints and bituminous patching materials. The laboratory raised ZMK 206, 400,000.00 from
external clients for testing of materials and hire of equipment. The demand was however
overwhelming and it was noted that there was need to invest in more and new ultra-modern
equipment to raise the capacity and standards of testing. The laboratory did however receive
complete laboratory equipment from two completed projects namely Lusaka-Kabwe and
Lusaka-Chirundu road projects.
Despite the satisfactory performance the CML encountered challenges that included limited
laboratory staff of four that were unable to fully satisfy the capacity as demanded by the
industry. The CML is however optimistic and has started working towards ISO accreditation by
establishing, documenting, implementing and maintaining a well defined Quality Management
System.
5.3.3 Environmental and Social Management

A number of activities were undertaken including reviews of Strategic Environmental
Assessments (SEA), Environmental Impact Assessments (EIA), and Environmental Project
Briefs (EPB) as well as compliance monitoring on various projects.
5.3.3.1 Environmental Studies

The studies carried out are summarised in Table 5.3.3-1.
Table 5.3.3-1: ESMU Activities
Road Name Description of Activities
Senenga – Sesheke Road. Strategic Environmental Assessment: The Unit continued with the
process of conducting a Strategic Environmental Assessment (SEA) for
the proposed upgrading of the Senanga-Sesheke road.
Mongu – Kalabo Road Environmental Impact Assessments: Carried out scoping studies and
Nakonde-Kanyala road produced Terms for Reference for the EIAs.
Kasempa Turn-off to Environmental Project Briefs: Reports completed and submitted to

Kabompo road the Environmental Council of Zambia
Lusaka Airport Turn-Off to
Luangwa
Zimba to Livingstone Road
Lusaka/Chirundu
17
5.3.3.2 Socio - Economics
Social – economic baseline studies were commissioned for a number of road projects that are
currently on-going including:
The Agricultural Development Support Programme for target areas influenced by the
OPRC road projects.
Areas influenced by the Mongu – Senange Corridor
EU Feeder Roads Programme in North Western and Central Provinces
Mufuchani Bridge Resettlement Action Plan
5.3.3.3 Compliance Monitoring

During the period under review, the following road projects were assessed for compliance
with the provisions of the Environmental Contract Clause (EEC) and the HIV/AIDS sub-clause
in the works contracts:
OPRC Package 3 in Luapula Province;

OPRC Package 9 in North-Western Province;
OPRC Package 5 in Eastern Province and the Chipata/Lundazi road;
Mongu/Senanga road; and
Zimba/Livingstone.
The field reports were submitted to both the Contractors and Consultants working on the
respective roads.
5.3.3.4 Capacity Building

In order to enhance the capacity of stakeholders in environmental and social management in
the road sector, three workshops were held in Lusaka (30th July 2008), Solwezi (5-6th October
2008) and Livingstone (10-11th December 2008) at stakeholder workshops. The Livingstone
RDA/Local Road Authorities workshop held in December 2008 recommended among other
specific activities the need for environmental training among Local Authorities staff in 2009.
The main focus of the workshops was to enhance the capacity of staff in districts to
appreciate, recognize and solve environmental problems caused by road works.
18
6 REVIEW OF THE 2008 AWP
With a fully established agency and increased budget the RDA was in place early in the year
to lead in its core mandate of management of the country’s road network. The Agency
embanked on proactive approach to early procurement and secured a number of high value
contracts on some important roads of the network. The Agency placed emphasis on the need
to control quality in order to assure value for money throughout the year. The year though
provided immense challenges for the Agency to advance to prominence in Zambia as a
credible provider of ‘good roads for sustainable development’. This chapter therefore not only
presents a review of 2008 Annual Work Plan but also analyses the achievements and
challenges in implementing the AWP-2008.
6.1 Funding Sources

Compared with the 2007 AWP budget of ZMK 787 Billion, the budget for 2008 AWP was
increased by at least 35% to ZMK1.210 trillion. The budget comprised of funding as
shown in Table 5.3.3-1.The table also shows the amounts released and disbursed as at 31st
December 2008.
Table 5.3.3-1: Funds Releases & Disbursements of the AWP2008

No. Fund Source Budget Released Released Disbursed
(ZMK) bn (ZMK) bn % (ZMK) bn
1 GRZ 161.0 150.0 93.24 155.10
2 Fuel Levy & ORUC 353.9 340.4 96.19 340.01
3 Fuel Levy 2007 Carry- 180.0 180.01 - 180.00
over
4 Donors 515.5 264.2 51.25 167.31
Total 1,210.4 934.6 77.20 842.42
Approximately 95% of funds committed under GRZ and Road Fund (Fuel Levy and ORUC)
were released while only 51% of the donor component was released. The release of both
GRZ and Road Fund nearly in full is commendable as it not only reassures Government’s
commitment and desire to implement road projects but also improves confidence towards
realising objectives of the road reforms. It must however, be mentioned that the AWP was
prepared to fit within the allowable budget allocations set by the Ministry of Finance and
National Planning and did not necessarily reflect the identified needs.
A number of issues strongly influenced the average performance on the donor component
which included: lengthy no-objections that contributed to protracted procurement; suspension
of some contractors from participating in public sector tenders that lead to re-evaluation of a
number of tenders that were under procurement in the early part of the year; the banning of
advance payments which made contractors reluctant to tender and contributed to the
increased unit costs of road works; and lack of will of some contractors to work on some
roads in challenging environments such as in Western Province.
6.2 Performance Indicators

The performance indicators are reported with respect to the targets set in the Annual Work
Plan and RoadSIP II target. The targets in the AWP serve mainly to review and assess the
performance of the Agency in terms of projects implemented. On the other hand the RoadSIP
II targets relate to global benchmarks set in the RoadSIP II bankable document that among
other things is used to solicit project support and monitoring that trigger further funding were
applicable from cooperating partners.
1
Carry-over funds from the 2007 AWP. The funds were released in 2007 and fully utilized in 2008.
19
6.2.1 2008 AWP Performance indicators
Table 6.2.1-1 shows the 2008 AWP Performance Indicators in terms of target kilometres
versus the actual kilometres achieved for the period 1 January 2008 to 30 December 2008.
Table 6.2.1-1: Performance Indicators for AWP2008

No. Intervention AWP-2008 Actual (km) Performance (%)
Target (km)
1 Routine Maintenance 17,448 13,663.70 78%
2 Periodic Maintenance 5,315 2,550.42 48%
3 Rehabilitation 503 1248.52 248%
4 Upgrading Works - Paved2 180 59.40 33%
5 Upgrading Works - Gravel3 1,270 - -
6.2.1.1 Routine Maintenance

The Agency has made it a prime objective to put all roads in good and fair condition under
routine maintenance as part of a rudimentary asset preservation strategy. Though selected
contractors on some sections of the network underperformed satisfactory progress was
attained on routine maintenance with a success rate of approximately 80% of the network
cumulatively placed under maintenance as shown in table 3-1.
6.2.1.2 Periodic Maintenance

The periodic maintenance was just about average as shown in Table 6.2.1-1. Though good
progress was recorded on periodic maintenance of paved roads, the performance on unpaved
roads, particularly on feeder roads, was less than average. Possible influences include the lack
of procurement and implementation capacities that lead to lengthy procurement periods and
poor project management respectively.
6.2.1.3 Rehabilitation
The rehabilitation of roads recorded an overachievement of 248% as shown in Table 6.2.1-1.
Particularly the rehabilitation of paved roads performed exceptionally partly due to completion
of some projects ahead of schedule, such as is the case for the Mongu- Senanga road which
was completed 4 months ahead.
6.2.1.4 Upgrading Works - Paved

The planned progress was centrally poised on the on-going works that included works on the
Kasempa Turn-off to Kabompo and Kasama to Luwingu. Though good progress was attained
on the former, there was stifled progress on the Kasama – Luwingu due to the requirement to
re-negotiate the contract. A selected number of GRZ projects that were earmarked for
upgrade to bituminous standard, such as the Choma - Chitonga were only commissioned in
the later part of the year since it needed to designing before it could be procured.
6.2.1.5 Upgrading Works - Unpaved

1,270 km of feeder roads were targeted for upgrading to gravel standard. The roads
comprised mainly of the Agricultural Development Support Programme (ADSP) under IDA/EU
funding as well as the Kafue National Park Spinal Roads under the NDF. No civil works were
carried out under these projects, though the projects underwent the requisite procurements
that unfortunately took too long to conclude with the respective donors. The challenges in
2
Upgrading to Bituminous standard
3
Upgrading to Gravel Standard
20
procurement included the lengthy consultations with the cooperating partners and the
frustration of the ban on some contractors that led to subsequent re-evaluation of tenders. In
the case of the Spinal Road, the tenders were declared non-responsive and the RDA
recommended that bids be retendered. It is however planned that civil works for these roads
will commence in 2009.
6.2.2 Progress against RoadSIP II Targets

Physical Progress for the 2008 AWP in relation to the ROADSIP II Indicators is as shown in
the Table 6.2.2-1:
Table 6.2.2-1: ROADSIP II Indicators vs Actual Progress

Performance Target-2008 Actual Percent Achieved Actual
Indictor (km) (Jan-Dec’08) Jan-Dec’08(%) (Jan-Dec’07)
No. Description
1 Rehabilitation 119.4 243.12 203.6 186.62
Paved
2 Maintenance 6,967.80 6,428.01 92.3 5,844.65

Paved
3 Rehabilitation 761.11 1,005.40 132.1 2,939.87

Unpaved
4 Maintenance 20,058.35 12,436.00 62.0 10,934.71

Unpaved
6.2.2.1 Rehabilitation of Paved Roads

Targets for rehabilitation paved are reported in terms of the roads rehabilitated and
upgraded. Rehabilitation works on major projects such as the Lusaka – Chirundu Road were
completed in July 2008. Other works on the Mongu – Senanga road were substantially
completed in December 2008, 4 months ahead of Schedule. Good progress was also recorded
on the Kasempa Turn-off to Kabompo road projects.
6.2.2.2 Maintenance of Paved Roads

Targets for maintenance are reported in terms of the roads that received periodic and routine
maintenance on the paved road network. The maintenance was mainly focused on roads that
needed to be preserved and occurring mainly on the Trunk, Main and District Roads.
6.2.2.3 Rehabilitation of Unpaved Roads

Considerable progress was achieved on the rehabilitation of the unpaved roads.
6.2.2.4 Maintenance of Unpaved Roads

Significant Maintenance works still need to be conducted on the Unpaved Network.
21
6.3 Progress of Programmes in the 2008 AWP
This section reviews the progress made on the various programmes in the 2008 AWP.
6.3.1 Feasibility Studies and Designs

The Agency was able to commence and complete the studies planned as shown in Table
6.3.1-1:
Table 6.3.1-1: Completed Feasibility and/or detailed engineering design Projects

Road Project Status
T4: Luangwa – Update of Pavement Evaluation of the was completed and report submitted to
Mwami Border the African Development Bank (AfDB) for financing consideration of the project
Chipata–Lundazi Feasibility Study for the rehabilitation of the road was completed and Draft Final
Report submitted to BADEA for approval and financing consideration
Zimba – Design review of the remaining 42.8 km of the road was completed and the
Livingstone Road works tender has been advertised;
ADSP Social-Economic Baseline Study in Katete, Chipata, Lundazi Chongwe and Choma
is on-going
Livingstone to Design of the road (15 km) through JICA support
Victoria falls
Rural Transport The Consultancy has been procured and contract finalized
Programme
Other on-going feasibility and detailed engineering design studies include those for the
following projects:
Table 6.3.1-2: On–going Feasibility and/or detailed engineering design Projects

Road Name Description of Project activity
Kanyala-Nakonde-Mpulungu Feasibility and design Study for Upgrading to bituminous
Kabompo-Zambezi-Chavuma standard
D145 road to Luangwa Boma
Kalulushi – Lufwanyama
Mumbwa – Landless Corner
Isoka-Muyombe-Chama-
Lundazi
Kazungula Bridge Feasibility and Detailed Design Study for construction of new
Bridge.
Kitwe - Chingola Dualling Techno-Economic studies and detailed designs for dualling of
road
The ban of Advance Payment had an adverse effect on the early start-up of the procured
Feasibility and Design Studies. Payments were rescheduled to coincide only with deliverables,
such as an inception or draft report, with the first only due after 4 to 8 weeks after the
commencement date.
6.3.2 Road Rehabilitation and Maintenance Projects

During the year under review, there were a total of 31 Upgrading and Rehabilitation
contracts, 57 Periodic maintenance contracts and 200 Routine maintenance contracts under
implementation and several complementary supervision Consultancy contracts. Some projects
were successfully completed where as others were on-going.
22
Completed Road Projects
Notable projects that were completed in 2008 include the following:
Table 6.3.2-1: Completed Road Projects

Project Name Progress Photo
Periodic Maintenance of 95 Km
of the Solwezi-Lumwana road in
North-Western Province at a cost
of ZMK 47 billion.
Rehabilitation and Maintenance

of 34 Km of Lusaka-Chirundu
road at ZMK105 billion.
Rehabilitation and Maintenance

of 103Km of the Mongu-Senanga
road in Western Province at
ZMK43.9 billion.
23
Other projects that were completed included:
Periodic Maintenance of Isoka-Nakonde road in Northern Province;
31.5 Kms of Lamba Lima Road in Copperbelt Province at a cost of ZMK7billion;
Periodic maintenance of 20kms of Katete – Chaninda road in Eastern Province;
On-going Road Projects

Some projects were delayed due to several factors that included limited capacity by some
contractors, the ban of advance payment and the ban of contractors. Particularly the ban of
contractors resulted in delay in starting some of the major projects such as Choma-Chitongo
(81Kms), Zimba-Livingstone (30Kms) and Kasama-Luwingu (90Kms) road projects. The
following major road projects were on-going with funding primarily from either GRZ and/or
Road Fund:
Table 6.3.2-2: On-going Road Projects

Kasama to Luwingu Road project
in Northern Province has since
recommenced with a new
contract in order to complete the
remaining 90Km section
Upgrading of Kasempa Turn-off

Kabompo road in North-Western
Province, a total of 38 Km was
completed during the year
against the 22 Km projected;
24
Up-grading of the Luansobe to
Mpongwe Road in Copperbelt
Province;
Rehabilitation of Zimba to
Livingstone Road in Southern
Province (the first 30km) with
funding from GRZ;
Periodic maintenance of the

Kasama – Mbala Road in
Northern Province.
Other projects that were on-going included:

Up-grading of the Choma – Chitongo Road in Southern Province;
The rehabilitation of the Chipata – Lundazi Road in Eastern Province; and
Emergency repair of the Nyimba – Sinda road also in Eastern Province.
25
6.3.3 Road Authorities
The Road Authorities carried out procurement and implementation of civil works on various
urban and feeder roads throughout the year. Realizing the capacity limitations in the LRAs,
the RDA took the initiative to procure major road urban road works in some major cities such
as in Lusaka and in some Copperbelt cities. This was done to enhance the procurement
process. RDA then handed over the procured works to the Local Road Authorities for contract
management. Some projects were completed and others are on-going.
Completed Projects – Urban Roads

The Chibombo access road in Central Province was upgraded to bituminous standard
at the cost of ZMK 4.6 Billion;
The 2.6 km of Kamwala By-pass road and Lumumba service lane in Lusaka was
constructed to bituminous standard at a cost of over ZMK 14 billion;
The Roan Mpatamato road in Luanshya;
Nationalist and Dedan Kimathi roads in Lusaka;
Emergency repair of the Mandevu Washaway in Lusaka.
Table 6.3.3-1 : Completed Projects – Urban Roads

Upgrading of the 6Km Chibombo
access road in Central Province.
Completed road before road
marking.
Upgrading/Rehabilitation of 2.6Kms
of Kamwala By-pass road and
Lumumba service lane in Lusaka.
26
Major On-going Projects – Urban Roads
A number of projects are on-going under the urban roads. These include:
Upgrading of the Ibex Hill-Kabulonga / Twin palm road extension, this is part of the
Lusaka roads master plan and is expected to reduce the east - west traffic
congestion;
Upgrading of selected roads in Chalala, Kamwala South roads and the Kasama road
in Lusaka. This road is a bypass from Kafue road/ Lilayi junction, through Lilayi to
Chilenje and is expected to reduce the South – East traffic congestion;
Periodic maintenance of at least 56 km of various roads including Lusaka
International Airport road, Leopards Hill-State Lodge road, Zingalume and Twikatane
Roads.
Accelerated urban roads programme in various provinces including 26 km of roads in
Chipata town.
The procurement process for the accelerated urban roads programmes in other
towns including those in Northern, Copperbelt and Central Provinces were annulled
because the bids were comparatively excessively priced and thus considered non-
responsive.
Most of the civil works were delayed due to the fact that the roads were undergoing design.
6.3.4 Feeder Roads

Various contracts for feeder road works whose scope comprised spot improvements and
drainage works were signed throughout the nine (09) provinces. A total of 74 projects were
implemented with 43 Periodic Maintenance and 31 Rehabilitation works contracts.
The feeder roads were further implemented under two major projects, the EU sponsored
Rural Feeder roads Programme and the IDA/EU sponsored Agriculture Development Support
Project (ADSP) Rural Road Improvement Facility (RRIF):
(i) EU Rural Feeder Road Programme: A total of 387 km of road in Central Province
(311km) and North Western Province (76km) were advertised in thirteen (13) lots
covering six (06) districts of Central Province and three (03) districts in North-Western
Province. The total value of the work contracted out for cycle 1 was
ZMK40,435,137,535.84.
In an effort to build capacity in the Road Authorities equipment necessary for the
effective management of rural/feeder roads was procured. The equipment procured
included Computers, Computer accessories, Cameras and GPSs and DCPs. The process
for the procurement of motorbikes has also commenced. The equipment procured was
distributed to the Road Authorities in the two Provinces. Furthermore, the programme
also funded the Contractor Training workshop on the preparation of bids.
(ii) IDA and EU Agriculture Development Support Project (ADSP) Rural Road Improvement
Facility (RRIF): Civil works amounting to ZMK115 Billion were procured, late 2008,
targeting rehabilitation and maintenance of a total of 1,109 km in the five districts of
Chongwe, Katete, Chipata, Choma and Lundazi. It is planned that most of the works
will be carried out in 2009 and roads would then be placed under full maintenance for
a period of five years.
27
(iii) Farm Blocks: The RDA is a member of the Multi Disciplinary Committee on
Farm Block Development (MDCFBD) which is tasked with the responsibility of
the identification and development of Farm Blocks as guided in the FNDP. Nine
farm blocks were identified and of these three (3) were given priority. These
were the Nansanga in Serenje (Central Province), Kalumwange in Kaoma
(Western Province) and Luena in Kawambwa (Luapula Province).
Feasibility Studies to establish the suitability of the four other Farm Blocks in
four provinces (Eastern, Southern, Lusaka and North Western) have
commenced.
During the fourth quarter of 2008, a ZK 28.7 Billion Contract for the Periodic
Maintenance of 151 km of Nansanga Farm Block Roads was awarded to China
Geo-Engineering Corporation Southern Africa Limited. The works are expected
to commence in the first quarter of 2009.
6.3.5 National Park Roads
The Local Road Authority-ZAWA coordinated the procurement of rehabilitation and

maintenance of roads in the National Parks. There was a delay in carrying out surveys due to
inaccessibility as a result of excessive rains leading to floods; this delayed the procurement of
works. The authority did however procure at least 21 contracts valued at ZMK 35 Billion.
Due to continued capacity inadequacy, RDA had to assist in the preparation of tender
documents for procurement of works. ZAWA also engaged a consultant, under the SEED
project with the support of the World Bank to prepare tender documents for selected roads
and airfields projects in the Kafue National Park. Detailed designs were finalised for
approximately 428 km of park roads.
In order to maintain accessibility, over 200 km of reactive maintenance, mainly grading, was
undertaken in the Kafue and South Luangwa National Parks.
6.3.6 Bridges
During the year under review a number of bridges were planned, procured, constructed and
completed.
Bridge Projects under Planning / Procurement Phase

A number of major bridges that were planned and procured included those that are being
supported by the World Bank. The progress on these projects is summarized in Table 6.3.6-1
Table 6.3.6-1: Major Planned and Procured Bridge Projects

Project Name Summary of Project Activities
Chiawa Bridge along Kafue River in Draft designs and bidding documents have been
Southern Province completed. It is expected that civil works will commence in
April 2009.
Mufuchani Bridge along Kafue River Contract signed with Arab Consulting Engineers on 29
in Kitwe on the Copperbelt Province December 2008 for detailed design to be finalized by July
2009.
28
Kazungula Bridge along Zambezi Zambia and Botswana showed commitment to the
Bridge at Kazungula in Southern implementation of the project when the contract for the
Province feasibility and detailed engineering design was signed with
a consultant, egis BCEOM, in October 2008. The study is
expected to be completed by September 2009.
Completed Bridge Projects

A total of 13 bridge projects, funded from GRZ resources, were completed. These include the
following.
The 320m Levy Patrick Mwanawasa Bridge across the Luapula River at Chembe, was
completed on time and within the contract amount of ZMK46billion
Other bridges include the Chisanzu, Mutinondo, Mwiluzi and Momboshi Bridges.
Table 6.3.6-2: Completed Bridge Projects

Construction of the Levy Patrick
Mwanawasa Bridge across the
Luapula River, Luapula Province
Construction of the Mutinondo

Bridge in Northern Province.
On-going Bridge Projects

The 24m-span Kalungu (Chitimukulu) Bridge in Northern Province was at 50%
completion. The cost to completion is K13.4 Billion. It was envisaged that the project
would be completed and commissioned in 2009;
Priority river crossings in North Western (29 structures) and Eastern (83 structures)
Provinces;
29
Table 6.3.6-3: On-going Bridge Projects
Construction of the Kalungu Bridge

in Northern Province
6.3.7 Axle Load Control
The Agency is implementing the Axle Load Control programme which is a tool for controlling
vehicle overloading and facilitates measures and actions against overloading transporters. The
goals of the programme are twofold:
(a) Contributing to a sustainable road network in Zambia, by substantially reducing on
road damage caused by overloaded trucks; and
(b) Contributing to a reduction of risks for traffic accidents caused by overloaded trucks.
The output parameter for the entire programme is measured as the rate of overloaded
vehicles, which should reduce from greater than 20% to less than 5% for axles, and from
greater than 55% to less than 5% for GVM over a period of 4 years starting from 2005.
6.3.7.1 Axle Load Monitoring
The monitoring of compliance to axle load limits has continued and it has been observed that
heavy goods vehicles plying the roads in Zambia has increased; however there is a reduction
in the rate of overloading. The survey that was carried out in 2007/8 at nine points, namely
Chongwe, Chirundu, Mazabuka, Livingstone, Mpika, Nakonde, Kapiri Mposhi, Mumbwa and
Masangano indicated a reduction in the rate of overloading. The rate of overloading had
reduced to 3.1% on axle loads and 8% on gross vehicle mass (from 30% for axle load and
55% for gross vehicle mass). The Agency has continued the good working relations with the
Anti Corruption Commission (ACC) on this programme.
The Anti-Corruption Commission and the Road Development Agency conducted a joint
Corruption Preventative exercise at Mpika weighbridge in August, 2008 for 21 days.
The Anti-Corruption Commission observed during the period of the exercise a number of
opportunities that could promote corruption as listed below:
i. The tendency by some weighbridge operators to record on a separate piece of paper

the readings of the weights as a vehicle is being weighed on a manual scale and
transfer the readings to the official register later.
ii. The number of weighbridges operators is not sufficient at Mpika weighbridge. This has
resulted in making shifts comprising the some weighbridge operators. It was observed
30
that certain transporters only passed through the weighbridge when particulars
weighbridge operators were on duty.
iii. Some weighbridge operators may have compromised with some drivers of vehicles
that bypass the weighbridge and allowed them to proceed.
iv. The weighbridge operators allowed overweight trucks to proceed upon payment for
the overloading offence committed without removing the excess weight.
v. The use of Zambia Police Service to direct the vehicles to the weighbridge was found
to be a source of concern since the officers seemed not to appreciate the importance
of controlling overloading on public roads.
The Management of Axle Load Control Unit has taken up measures to ensure that the above
mentioned corruption opportunities are minimized. The number of operators will be increased
at the weighbridges. A high level discussion with Zambia Police Service will be held to discuss
the role of the Police in the implementation of the Axle Load Control Progamme. All the
manual scales would be replaced by electronic ones at all the weighbridges. The use of
portable weighbridge would be increased to monitor the activities of the fixed weighbridges.
The performance of the weighbridges is summarized below
Table 6.3.7-1: Statistical information about performance of the weighbridge in 2008

Weighbridge Site
Item Description
Solwezi Kafulafuta Kapiri Mpika Mwami Livingstone
Mposhi
1 Average number of 80 300 544 56 9 73
trucks weighed/day
trucks overloaded/day
trucks
absconding/week
4 Total number of times 2 0 1 1 1 1
weighbridge was asized
In 2008
5 Total number of days 28 0 33 0 8 8
weighbridge remained
closed to the public
6.3.7.2 Rehabilitation of Weighbridges
The detailed engineering design and preparation of Bill of Quantities inclusive of tender
documents for the rehabilitation of the four manual weighbridges at Kafue, Mpika, Solwezi
and Livingstone has been completed.
Table 6.3.7-2: Weighbridges under rehabilitation

Project Name Contractor Supervision Contract sum Comment
Engineer (ZmK)
Rehabilitation of the Gabmans E.G. Petit and 2,196,163,024.00 Project intended to be
Kafue Weighbridge Zambia Ltd Partners completed by 2nd quarter of
2009.
Livingstone Mango Tree Zulu Burrow 2,073,865,101.88 Progress of the works is on
Construction (Z) Limited schedule but will be
Limited completed by 2nd quarter of
2009
31
Mpika Mango Tree East 3,069,964,294.00 Progress of the works is on
Construction Consult/BNC schedule
Limited
Solwezi Mango Tree Undergoing 3,226,440,194.00 Project going on well and on
Construction procurement schedule
Limited
Table 6.3.7-3: On-going Weighbridges Rehabilitation Project

Rehabilitation of the Livingstone
Weighbridge in Southern Province
6.4 Challenges of Implementing the 2008 AWP
The following are the challenges that the RDA encountered in implementing the AWP-2008:
a) Long tendering procedures in the case of donor funded projects: The Agency has actively
engaged the Cooperating Partners so as to reduce the lengthy procurement process;
b) Lack of implementing capacity which impacts the road sector at two levels:
(i) Inadequate contracting capacity in Zambia at the beginning of the year when
there were few competent contractors in Zambia capable of undertaking
medium to large projects. This situation arose due to the banning of some
contractors.
(ii) Inadequate capacity among the Local Road Authorities particularly Councils in
road management and maintenance. The RDA has instituted consistent
interaction with the Road Authorities. It will provide guidance to Councils and
increase their capacity to manage their road network.
c) The GRZ banned the issuance of Advance Payment. This led to;
• reduced capacity for contractors to implement works,
• increased unit rates for undertaking road works and in some cases bid sums
double the unit rates,
• delays in mobilization,
• few contractors having a lot of contracts and failing to perform on some of the
contracts.
d) The inadequate operational budget which is outside the direct control of the RDA had a
negative effect on the ability of the Agency to effectively monitor the implementation of
32
projects to ensure that all contractors and consultants were working according to the
specifications provided.
33
7.0 FINANCIAL REPORT
The Audited Financial Report is attached to this report as Appendix F.
34
8.0 CONCLUSION
The Agency closed the year 2008 strongly with optimism as regards works implemented
during the year, having achieved the RoadSIP II targets. The many procured contracts will
provide continuity in programme implementation for the following year 2009.
The Industry has responded very well to increased funding to the road sector such that
capacity has tremendously developed. This is evidenced by the increased number of
equipment for road building; the increased tender threshold for the RDA Procurement
Committee; the strengthened Procurement Unit within the RDA; the many procured projects
whose contracts can be signed immediately funds are released etc.
The increased capacity should be sustained and supported by increased funding. The limited
absorption capacity which resulted in failure to utilize all the funds in the sector hitherto has
been a source of great concern to Government but is however a thing of the past.
A lot of work is needed on our roads to improve the conditions of Rural and Urban roads. The
funds allocated to the sector are substantial and Government should be commended
particularly for the willingness to release the funds as approved. But clearly, these funds are
not sufficient to significantly improve the Core Road Network as envisaged by Road SIP-II. At
current levels of funding, urban roads will remain under-developed.
With the opportunities of procured but not signed contracts, Government should direct more
funds to the sector, knowing they will be prudently applied.
The principal objective of RoadSIP-II is to bring all the CRN into maintainable condition by
2013. This calls for concerted efforts and adequate funding to the sector. The achievement of
2008 reduced the proportion of the road network in poor condition but more still needs to be
done.
Also progressively, gravel roads should be up-graded to bituminous standard particularly in

areas of high rainfall (and therefore high erosion); areas with poor road building materials
and those roads of high economic returns.
Finally, the achievement in routine maintenance and rehabilitation should be sustained and
periodic maintenance and up-grading works should be up-scaled. Increased investment in
road development to address traffic management and reduce congestion should be made.
That is why it is important to spend annually a minimum of ZMK3.2 Trillion for the next five
years. At this level of investment it can be really said that roads can and do contribute to
investment in other sectors. The commitment of the Agency to all stakeholders is the
assurance of value for the money spent on quality road works.
35
APPENDICES
36
APPENDIX A: Terms of References for RDA Board Committees
37
ROAD DEVELOPMENT AGENCY
TERMS OF REFERENCE FOR THE ADMINISTRATION AND FINANCE COMMITTEE

1. To develop, evaluate and review the audit policy within the RDA
2. Evaluate and review risk identification and measurement procedures and
methodologies
3. To examine and review with both the Internal and External auditors, the scope and
the results of their audit and determine the adequacy of the company’s accounting,
finance and operating controls
4. To assist in the planning and coordination of the external audits in order to provide an
effective service
5. To recommend to the board of directors the auditors to be appointed
6. To be available as and when necessary to advise the board chairperson on any
questions relating to the financial affairs of the company on which he or she might
wish to seek such advice.
7. The chairperson of the audit committee will make a report to the full board from time
to time following previous sittings.
8. To ensure that Internal audit recommendations are implemented timely and ensure a
culture of internal control awareness, accountability and transparency in line with the
key principle of governance throughout the RDA codes of best practice.
9. Evaluate procedures to deal with and review the disclosure of information to
stakeholders
10. Receive and consider reports from Finance and Administration and Technical
Committees of the board.
11. To receive reports timely from head internal audit on audits undertaken
12. To discuss with the Internal auditors and management the accounting principles,
policies and practices adopted in the preparation of the accounts, including any
unusual items affecting the year in question, and to be assured that the annual
financial statements comply with all statutory requirements.
13. Regularly review the Terms of Reference to ensure they are kept abreast with the
trends in the Road Sector.
38
TERMS OF REFERENCE FOR THE TECHNICAL COMMITTEE
Policy
1. Review and recommend to the full Board of the Road Development Agency the
criteria for the appointment /revoking of appointment of Road Authorities.
2. Review and recommend to the full Board of the Road Development Agency,
proposals for a budgeting system to be used by Road Authorities.
3. Monitor the performance of Road Authorities.
4. Co-ordinate programme of Road Authorities throughout the country to promote

equitable development of roads in the various regions of the country.
5. Review and recommend proposals for the Reclassification of the Public Road
network.
6. Recommend for approval of the Board, the Technical Committee’s Terms of

Reference and any other technical matters that should enhance the quality of
decisions made by the Board for improved efficiency and greater productivity in
the management of the Public Road Network.
Planning and Budgeting

7. Review programmes of road development and maintenance proposed by Road
Authorities for implementation and recommend to the full Board of the Road
Development Agency, the adoption of the consolidated Annual Work Plan for the
road sector.
8. Review and recommend to the full Board of the Road Development Agency, the
road operation (Axle Load Control, traffic signals and circles, congestion alleviation
etc) and maintenance standards.
Procurement Monitoring
9. Recommend to the full Board of the Road Development Agency, procurement
strategies for works and services.
Civil Works Monitoring
10. Monitor the quality and quantity of work undertaken by contractors and monitor
the quality of supervision provided by supervising engineers;
39
11. Discuss quarterly progress reports from consultants and Road Authorities and
resolve any bottlenecks or constraints in the implementation of the Annual Work
Plan;
12. Review contracts on construction, rehabilitation and maintenance based on an

analysis of cost, quality, quantity, time and specifications;
13. Ensure cost control and cost reduction through effective control of projects and
implementation process through continuous feedback;
14. Recommend to the full Board of the Road Development Agency technical audits of
on-going road projects including post construction monitoring as may become
necessary;
15. Discuss technical audit reports and take corrective action in the pursuit of
excellence in Road Management Initiative;
External Liaison
16. Provide a platform to local experts for continuous dialogue in the pursuit of
excellence in road maintenance management including the development of the
local construction industry;
17. Facilitate continuous dialogue with the National Road Fund Agency (NRFA), Road
Transport and Safety Agency (RTSA), Road Authorities, National Council for
Construction etc on key technical and operational issues including training;
40
TERMS OF REFERENCE FOR THE AUDIT COMMITTEE
1. To discuss with the Internal auditors and management the accounting principles,
policies and practices adopted in the preparation of the accounts, including any
unusual items affecting the year in question, and to be assured that the annual
financial statements comply with all statutory requirements;
2. To receive reports timely from head internal audit on audits undertaken;
3. To evaluate and review audit policy within the RDA;
4. Evaluate management procedures regarding internal control and regarding

financial reporting;
5. To examine and review with the auditors, the scope and the results of their audit
(both internal and external);
6. To examine and review with the external auditors and with the internal auditors,
the adequacy of the company’s accounting, finance and operating controls;
7. To examine and review the planning and coordination of internal and external
audits to provide and effective service;
8. To recommend to the board of directors, the auditors to be appointed;
9. To be available as and when necessary to advise the board chairperson on any

questions relating to the financial affairs of the company on which he or she might
wish to seek such advice;
10. The chairperson of the audit committee will make a report to the full board from
time to time following previous sittings;
11. Make suggestions as to the problem areas that the periodic audits needs to
address and ensure recommendations are implemented timely;
12. Ensure that adequate systems and controls are in place to prevent or detect
frauds;
13. Review, evaluate and assess the integrity of the risk control systems and ensure
that the risk management policies and strategies are effective;
41
14. Receive and consider reports from Finance and Administration and Technical
Committees of the board;
15. Review adequacy of all insurance coverage within the RDA;
16. Review and evaluate all banking services within RDA;
17. Consider and review the key principles of governance within the RDA codes of best
practice;
18. Evaluate procedures to deal with and review the disclosure of information to
stakeholders;
19. Evaluate and review risk identification and measurement procedures and
methodologies ;
20. Regularly review the Audit Committee Terms of Reference to ensure that they are
kept abreast with the trends in the Road Sector.
42
APPENDIX B: RDA Organisation Matrix
43
DEPARTMENT: GENERAL MANAGEMENT CHART NO. RDA-01.a
SECTION: ALL LOCATION: Lusaka Head Office DATE: 5th May 2007
Committee of Ministers on RMI
Board of Directors
Director + Chief Executive Officer

(1x1)
Manager: Manager: Technical

Manager: Planning Manager: Corporate
Construction & & Commercial
and Design (1x1) Services (1x1)
Maintenance (1x1) Services (1x1)
Head Internal Audit (1x1)
Principal Quantity Surveyor

Legal Counsel (1x1) Auditor (2x1)
Monitoring & Evaluation (1x1)
Senior Engineer (1x1)
Executive Assistant Executive

Board Affairs (1x1) Assistant (1x1)
Office Assistant
Total Staff Compliment: 14

DEPARTMENT: PLANNING AND DESIGN CHART NO.: RDA-02.a
SECTION: PLANNING AND DESIGN LOCATION: Lusaka DATE: 26th May 2007
Manager Planning & Design

(1x1)
Office Assistant
(1x1)
Chief Engineer Design

Chief Engineer Planning (1x1) Chief Engineer Bridges (1x1)
(1x1)
Principal Engineer Principal Engineer Urban Principal Engineer Bridges Principal Officer Environment, Principal Engineer
TM/HMS (1X1) and Rural Roads (1x1) (1x1) Materials & Research (1x1) Design & Traffic (1x1)
Engineer Major Bridges & Engineer Minor Materials Engineer Engineer

Engineers (2x1) Engineers (1x1) Sociologist (1x1) Environmentalist (1x1)
BMS (1x1) Bridges (1x1) (1x1) (1x1)
Assistant
Technicians (3x1)
Sociologist (1x1)
Total Staff Compliment 22
DEPARTMENT: OPERATIONS CHART NO. RDA-03.a
SECTION: Construction, Rehab & Maintenance LOCATION: Lusaka DATE 26th May 2007
Manager:
Construction & Maintenance (1x1)
Office Assisstant (1x1)
Chief Engineer Construction & Chief Engineer

Rehabilitation (1x1) Maintenance (1x1)
Principal Engineer Principal Engineer Principal Engineer: Trunk & Main Roads Principal Engineer: Urban & Rural Roads/ Regional Engineers
Construction (1x1) Rehabilitation (1x1) (1x1) Authorities (1x1) (9x1)
Engineer Routine Engineer Periodic Engineer Periodic Engineer Routine

Maintenance (1x1) Maintenance (1x1) Maintenance (1x1) Maintenance (1x1)
Total staff compliment: 20

ROAD DEVELOPMENT AGENCY CHART NO.: RDA-04
DEPARTMENT: COMMERCIAL SERVICES DATE: 26th May 2007
Manager Technical &

Commercial Services (1x1)
Office Assistant
(1x1)
Principal Engineer: Axle Load

Mechanical & Quarry Specialist (1x1)
Control (1x1)
Planning Engineer Operations Senior Mechanical Engineer Quarry & Mechanical Services
(1x1) Engineer (1x1) (1x1) Engineer (1 x1)
Technicians
Statistician (1x1)
(1x1) Technician: Movable
Technician:
Equipment & Pool
Quarries (1x1)
Vehicles (1x1)
Operations Pontoon Operators Motorised
(1 x 95) ( 60 x 1)
From ESCO
Staff Compliments 105 or 164 with ESCO Staff

DEPARTMENT REGIONAL CHART NO. RDA - 05a
SECTION REGIONAL OFFICES LOCATION Lusaka DATE 27th May 2007
Regional Engineers
(9x1)
Office Assistant
(9x1)
Senior Engineer Road

Authorities (9x1)
Engineer Planning & Engineer Contracts (9x1) Administration & HR Accountant (9x1)
Design (9x1) Officer (9x1)
Local Authorities Technicians Technicians Accounts Officer

ZAWA HMS/TRAFFIC (9x2) (9x1)
Private Companies (9x1)
Driver Office Orderly

(9x1) (9 x 1)
Total Staff Compliment 108 12No. Per Province

DEPARTMENT: Corporate Services CHART NO.: RDA - 06.a
SECTION: Administration, Finance & Public Relations Location: Lusaka DATE: 27th May 2007
Manager Corporate Services (1x1)
Office Assistant (1x1)
Head Administration (1 Head Public Relations

Head - IT (1x1) Head Procurement (1x1) Head Finance (1x1)
x 1) (1x1)
IT Specialist
(1x1)
Human Resources Officer Administration Officer Procurement Officer Procurement Engineer Management Financial Public Relations officer
Librarian (1x1)
(1X1) (1x1) (1x1) Works & Services (1x1) Accountant (1x1) Accountant (1x1) (1x1)
Office Orderly Assistant Procurement Assistant Procurement

Assistant HR Officers Stores Clerk Drivers Assitant Librarians Accounts officer
Officer (1x1) Officer (1x1) Cashier (1x1)
(1x1 ) (2x1) (6x1) (1x1) (2x1)
(4x1)
Total Staff compliment 33

Difference Rate/month
TOTAL (ZMK)
(+/- in No.) (ZMK)
Chart RDA - 01 Chart RAD-01a
Director + Chief Executive Officer (1x1) Director + Chief Executive Officer (1x1) 0
Manager: Planning and Design (1x1) Manager: Planning and Design (1x1) 0
Manager: Construction & Maintenance Manager: Construction & Maintenance
(1x1) (1x1) 0
Manager: Technical & Commercial
N/A
Services (1x1) 1
Manager: Corporate Services (1x1) Manager: Corporate Services (1x1) 0
Principal Quantity Surveyor Monitoring &
N/A
Evaluation (1x1) 1
Head Internal Audit (1x1) Head Internal Audit (1x1) 0
N/A Auditor (2x1) 2
Senior Engineer (1x1) Senior Engineer (1x1) 0
Legal Counsel (1x1) Legal Counsel (1x1) 0
Executive Assistant (1x1) Executive Assistant (1x1) 0
Executive Assistant Board Affairs (1x1) Executive Assistant Board Affairs (1x1) 0
Sub - Total
Chart RDA - 02 Chart RAD-02a
DEPARTMENT: OPERATIONS CHART NO. RDA-04
SECTION: Construction, Rehab & Maintenance LOCATION: Lusaka DATE 26th May 2007
Manager:
Construction & Maintenance (1x1)
Office Assisstant (1x1)
Chief Engineer Construction &

Chief Engineer Maintenance (1x1)
Rehabilitation (1x1)
Principal Engineer Construction Principal Engineer: Trunk & Main Roads Principal Engineer: Urban & Rural Regional Engineers
(1x1) (1x1) Roads/ Authorities (1x1) (9x1)
Engineer Routine Engineer Periodic Engineer Periodic Engineer Routine

Engineers (2x1)
Maintenance (1x1) Maintenance (1x1) Maintenance (1x1) Maintenance (1x1)
Total staff compliment: 21

ROAD DEVELOPMENT AGENCY CHART NO. RDA-02
DEPARTMENT COMMERCIAL SERVICES DATE Apr-09
Director RDA (1X1)
Manager Technical &

Commercial Services (1x1)
Office
Assistant (1x1)
Mechanical &
Principal Engineer Weigh Bridges
Quarry Specialist
(1x1)
(1x1)
Senior Mechanical Engineer

(1x1)
Quarry &
Planning & Operations Engineer Mechanical
(1x1) Services Engineer
(1 x1)
Technicians
Statistician (1x1)
(1x1) Technician Movable
Technician
Equipment & Pool
Quarries(1x1)
Vehicles(1x1)
Pontoon Operators
Operations Pontoon Operators Motorised
Non-motorised (145
(1x95) ( 60 x1)
x1)
Staff
308
Compliments
APPENDIX C: Ongoing Rehabilitation and Upgrade Contracts
44
Rehabilitation -Paved/Unpaved
Financial Progress
PROJECT DETAILS OTHER COMMENTS
Certified Amounts on works (ZK)
No. Project Name Contractor Supervising Consultant Province Contract Work Type Contract End Date Contract Sum (ZK) Q-1 Q-2 Q-3 Q-4 Cumulative to Date Comments Completion
Length Start Date Percentage %
1.0 Rehabilitation Paved

1 Mongu-Senanga China Henan Ng'andu UWP Western 103.00 Reconstruction, Surface Dressing and 12-Sep-07 5-Sep-09 43,963,995,120.00 6,594,599,268.00 4,507,211,603.61 7,454,382,370.51 18,556,193,242.12 Progress has been very good and likely th 80
Drainage works project will be completed as scheduled
2 Lusaka-Chirundu China Henan Africon and BCHOD Southern 34.70 Full Reconstruction 1-Nov-05 30-Apr-08 110,655,185,204.00 1,399,480,129.91 8,138,134,177.99 - 105,000,000.00 9,642,614,307.90 Construction works are complete and the road 100
3 Chipata-Lundazi Raubex Constraction Bicon Z Limited Eastern 90.00 Full reconstruction, Surface Dressing and 1-Jun-08 31-May-09 79,680,838,118.00 - - 5,507,726,400.00 7,608,347,107.20 13,116,073,507.20 is now under
Project startedthe defects
slow liability
because the consultant 16.46
Limited Drainage works had to finalise the design. There is steady
progress now
4 Lusaka Kabwe Phase II Raubex Contractors Rankin Engineering Central 47.60 Rehabilitation 4-Sep-06 30-Aug-08 34,780,388,220.00 3,590,659,620.00 4,153,536,948.75 3,590,659,620.00 - 11,334,856,188.75 100
5 Zimba-Livingstone China Geo Corporation Zulu Burrow Southern 30.00 Full reconstruction 28-Jul-08 28-Apr-08 105,192,007,649.40 - - 8,038,800,000.00 16,615,532,438.84 24,654,332,438.84 The contractor has Ripped 16Km of the 30
Kms and diversions are complete.
TheContractor has to date stabilised 2km of
the lower base & is also working the drainage
facilities along the 16km stretch and
Emergency works of pot hole patching on the
42km stretch which is not covered in the
running contract.
23.44
Sub-total Rehab Paved 305.30 374,272,414,311.40 11,584,739,017.91 16,798,882,730.35 24,591,568,390.51 24,328,879,546.04 58,747,876,442.69
2.0 Upgrading Works
1 Kasempa Turnoff to Kabompo Belga Construction and Gauff Consulting Engineers Northwestern 225.50 Upgrading to bituminous standard 1-Aug-08 30-Jun-09 218,837,479,950.00 4,005,650,920.80 14,161,611,882.56 15,093,710,996.38 7,965,459,058.58 41,226,432,858.32 Works are going on. Project is behind 18.84
Trading schedule
2 Choma-Chitongo China Geo Corporation Rankin Engineering Southern 82.00 Upgrading to bituminous standard 1-Aug-08 31-Jul-10 164,112,514,556.00 - - 7,166,277,000.00 11,590,548,309.46 18,756,825,309.46 The contractor has justed works on the 10Km
strech for which the design report has been
submitted. 11.43
3 Kasama-Luwingu Sable Transport BCHOD Northern 90.00 Upgrade to bituminous standard 28-Sep-08 22-Mar-10 192,965,237,010.00 - - - 12,244,249,970.00 12,244,249,970.00 6.35
4 Luansobe Mpongwe China Henan Beosumbar & Bari Zambia Copperbelt 50.00 Upgrade to bituminous standard 24-Oct-08 25-Oct-09 90,097,344,486.50 - - - 2,596,517,066.98 2,596,517,066.98 2.88
Sub-total Upgrading works 447.50 666,012,576,002.50 4,005,650,920.80 14,161,611,882.56 22,259,987,996.38 34,396,774,405.02 74,824,025,204.76
3.0 Accelerated Urban Roads Rehabilitation
1 Mongu Roads and Paving Lasco Engineering Associates Western Rehabilitation 12-Oct-06 31-May-07 4,767,803,385.00 406,742,300.52 2,269,900,763.87 - 2,676,643,064.39 Completed 100
2 Solwezi Roads and Paving Lasco Engineering Associates Northwestern Rehabilitation - - 235,346,891.00 235,346,891.00 Completed 100
3 Mansa Roads and Paving Lasco Engineering Associates Luapula Rehabilitation 12-Oct-06 31-May-07 6,400,797,994.92 1,622,666,320.33 2,064,838,133.50 - 3,687,504,453.83 Completed 100
4 Kasama Sable Transport Lasco Engineering Associates Northern Rehabilitation 12-Oct-06 31-Aug-07 6,363,529,785.00 351,298,461.00 - - 351,298,461.00 Completed 100
5 Kitwe Roads and Paving Lasco Engineering Associates Copperbelt Rehabilitation 12-Oct-06 31-May-07 4,188,393,387.00 - - 569,245,082.00 569,245,082.00 Completed 100
6 Ndola Turner Construction Lasco Engineering Associates Copperbelt Rehabilitation 12-Oct-06 31-May-07 7,723,776,354.00 - 211,590,532.00 - 211,590,532.00 Completed 100
7 Kalulushi Roads and Paving Lasco Engineering Associates Copperbelt Rehabilitation 12-Oct-06 31-May-07 4,374,663,004.00 521,044,923.40 - 631,170,865.40 1,152,215,788.80 Completed 100
8 Chingola Turner Construction Lasco Engineering Associates Copperbelt Rehabilitation 12-Oct-06 31-May-07 7,019,768,872.00 1,264,558,770.00 - - 1,264,558,770.00 Completed 100
Sub-total Rehab Unpaved - 23,306,601,617.00 4,166,310,775.25 4,546,329,429.37 1,435,762,838.40 - 10,148,403,043.02
3.0 Output and Performance Based Road Contracts (OPRC)
1 Package 1 Sable Transport Rankin Engineering Northern 531.64 Rehabilitation and Maintenance 28-Jun-06 27-Jun-10 35,938,304,463.00 2,033,943,949.53 2,941,745,938.13 1,653,955,537.71 2,110,596,184.88 8,740,241,610.25 Rehabilitation Completed, Under Maintenance on going
2 Package 2 China Geo Corporation Kiran and Musonda Western 271.26 Rehabilitation and Maintenance 26-Jun-06 25-Jun-10 26,992,328,056.00 1,494,443,079.00 392,731,058.00 433,440,823.00 2,320,614,960.00 Rehabilitation Completed, Under Maintenance on going
Associates
3 Package 3 Sable Transport Ng'andu UWP Luapula 153.64 Rehabilitation and Maintenance 29-Nov-06 28-Nov-10 14,988,096,060.00 2,329,351,616.67 1,173,983,679.25 603,024,113.69 4,106,359,409.61 Rehabilitation Completed, Under Maintenance on going
4 Package 4 Specon Polyphase BRC Engineers Northern 415.00 Rehabilitation and Maintenance 18-Jul-06 17-Jul-10 45,790,326,695.09 533,503,392.00 646,225,417.00 652,692,003.52 1,832,420,812.52 Rehabilitation Completed, Under Maintenance on going
5 Package 5 China Geo Corporation Zulu Burrow Eastern 581.81 Rehabilitation and Maintenance 26-Jul-06 25-Jul-10 43,888,428,046.00 678,742,099.78 693,024,364.21 466,764,107.92 700,101,161.88 2,538,631,733.79 Rehabilitation Completed, Under Maintenance on going
6 Package 6 Argente J D Mwila Lusaka 134.14 Rehabilitation and Maintenance 14-Jun-06 13-Jun-10 11,034,002,150.00 987,994,296.45 500,000,000.00 501,476,800.00 1,989,471,096.45 Rehabilitation Completed, Under Maintenance on going
7 Package 8 Yakashika Ng'andu UWP Copperbelt Rehabilitation and Maintenance 14-Jun-06 13-Jun-10 34,641,975,185.00 522,542,798.20 390,011,329.17 - 912,554,127.37 Rehabilitation Completed, Under Maintenance on going
8 Package 9 RCC Bicon Z Limited Western 95.64 Rehabilitation and Maintenance 24-Nov-06 23-Nov-10 8,900,000,000.00 700,551,890.64 813,219,236.87 693,951,446.08 2,207,722,573.59 Rehabilitation Completed, Under Maintenance on going
9 Package 10 China Geo Corporation BCL Southern 148.73 Rehabilitation and Maintenance 1-Dec-06 31-May-10 23,591,336,980.00 498,048,332.80 1,019,420,760.20 825,023,160.20 504,361,960.20 2,846,854,213.40 Rehabilitation Completed, Under Maintenance on going
10 Package 11 China Geo Corporation ASCO Northwestern 694.87 Rehabilitation and Maintenance 26-Jul-06 25-Jul-10 43,888,428,046.00 1,060,843,116.08 1,080,185,421.00 1,055,626,052.04 1,037,779,764.84 4,234,434,353.96 until 2010 performance
Rehabilitation on the
Completed, works
Under are
Maintenance on going
acceptable
on going
Sub-total Rehab Unpaved 3,026.73 289,653,225,681.09 10,839,964,571.15 9,650,547,203.83 6,885,954,044.16 4,352,839,071.80 31,729,304,890.94
4.0
Rehabilitation Unpaved
1Chabbobboma-Sinazeze Road Contractors RE-Southern Province Southern 81.50 Heavy Grading, gravelling, drainage works 18-Oct-07 18-Jun-08 16,125,751,244.01 2,428,822,213.15 1,018,529,827.82 996,024,650.86 3,039,222,461.00 7,482,599,152.83 works are on-going 46.4
2Kashikishi-Lunchinda Company
China Geo Corporation RE-Luapula Province Luapula 123.00 Light Rehabilitation 06-Nov-08 11/06/2011 29,680,033,818.75 4,841,690,678.80 1,596,537,924.78 412,397,511.56 393,056,563.80 7,243,682,678.94 works are on-going
3Kasama-Kapatu Teichmann Plant RE Northern Northern 72.00 Rehabilitation 10-Jun-08 10-Jan-09 13,584,498,125.00 - - 1,292,941,800.00 4,455,707,175.00 5,748,648,975.00 works are on-going 42.32
4Kabwe to Old Mkushi Road China Geo RE-Central Central 148.00 Rehabilitation 08-Sep-08 08/05/2009 21,772,683,362.10 - 1,857,983,280.00 3,021,983,280.00 6,157,462,695.02 11,037,429,255.02 works are on-going
5Rehabilitation and Maintenance of Heros Construction And Kapiri Mposhi LRA/RE RDA 53,285,760.00
the Water Works to Kapiri Mposhi General Dealers Central 4.10 Maintenance 18-Mar-08 18-May-08 268,751,640.00
Road Central - - 53,285,760.00 on- going 20%
5 Mwenisiwi Mulekatembo Mpangala Argente RE Northern 741,240,000.00
83.00 Rehabilitation 26-Oct-08 25-Oct-09 12,515,151,550.00
Northern - - 741,240,000.00 on- going 6%
Sub-total Rehab Unpaved 511.60 93,946,869,739.86 7,270,512,891.95 4,473,051,032.60 5,776,633,002.42 14,786,688,894.82 32,306,885,821.79
GRAND TOTAL 816.90 781,179,111,349.35 37,867,178,177.06 49,630,422,278.71 60,949,906,271.87 77,865,181,917.68 207,756,495,403.20
Page 2 of 14
APPENDIX D: Ongoing Periodic Maintenance Roads Contracts
45
Periodic Maintenance
Financial Progress
Certified Amounts (ZK)
Completion
Contract Contract Start Duration
No. Project Name Contractor Supervising Consultant Province Work Type End Date Contract Sum (ZK) Q-1 Q-2 Q-3 Q-4 Cumulative to Date Comments Percentage
Length Date (mths)
%
Periodic Maintenance Paved
Periodic Maintenance 47,000,000,000.00 Project is
Raubex Construction Zambia
Solwezi-Lumwana (Mwinilunga) 89.00 11-Jul-07 14.27 11-Sep-08 6,984,323,267.31 11,295,208,232.93 7,934,371,609.80 2,414,714,607.78 28,628,617,717.82 Substantially
Limited
1 BCHOD North-Western Complete 96%
Lumwana-Mwinilunga Roads and Paving Zambia Periodic Maintenance 67,907,796,063.25
9-Jul-08 18.00 31-Dec-09 - - 16,016,982,651.47 6,022,170,774.10 22,039,153,425.57
2 Limited ASCO North-Western 191.00 On-going 32%
3 Sabina-Mufulira-Mokambo Road Roads and Paving RDA Copperbelt 42.00 Periodic Maintenance 5-Oct-07 6.00 5-Mar-08 4,296,305,020.88 2,723,184,729.38 512,870,683.13 191,875,391.75 3,427,930,804.26 - 80%
Project is
Ndola-Mufulira Road China Geo Engineering Copperbelt 60.00 Periodic Maintenance 9-Oct-07 7.00 30-Apr-08 4,824,294,995.63 974,732,537.78 1,126,984,149.61 238,135,412.55 2,339,852,099.94
4 RDA Complete 100%
Kitwe-Kalulushi China Henan International Copperbelt 9.00 Periodic Maintenance 13-Sep-07 4.00 12-Jan-08 7,565,425,726.00 Project is
893,140,953.00 - 275,978,894.40 1,169,119,847.40
5 RDA Complete 100%
6 Installation of Road Signs on Copperbelt JMB Investment Ltd RDA Copperbelt - Road Signs Installation 17-Jul-08 2.50 31-Aug-08 594,297,375.00 - - 300,979,400.00 300,979,400.00 On-going 51%
7 T1: kafue-Mazabuka Raubex ASCO Southern 71.00 Periodic Maintenance 17-Jun-08 8.00 12-Feb-09 10,017,359,687.00 - - 1,125,053,028.00 2,060,753,557.50 3,185,806,585.50 On-going 32%
8 Batoka to Maamba Raubex RDA Southern 88.00 Periodic Maintenance 30-May-08 8.00 30-Jan-09 26,136,760,309.51 - - 2,919,454,459.43 2,719,719,311.96 5,639,173,771.39 On-going 22%
9 M9-Kaoma(Tateyoyo)-Mongu China Geo Eng. Corporation RDA Western 263.00 Periodic Maintenance 28-Aug-07 3.00 31-May-08 12,774,766,262.50 - 2,578,380,630.52 2,119,345,315.80 672,587,368.70 5,370,313,315.02 completed 100
11 Namalundu-Kafue Gorge (D396) Road China Geo Eng. Corporation RDA Lusaka 28.20 Periodic Maintenance 14-Nov-07 9.00 31-Jul-08 14,762,834,185.00 1,422,037,425.56 2,156,995,395.23 6,442,508,875.17 47.00 10,021,541,742.96 completed 100
12 T4 from Mutenguleni - Mwami Border Road Sable Transport Limited EG.Pett Eastern 52.00 Periodic Maintenance 27-Dec-07 12.00 26-Dec-08 30,157,204,550.00 4,523,580,682.00 1,091,465,965.88 2,878,718,198.30 4,969,868,364.51 13,463,633,210.69 on-going 45%
13 Lumfwa-Mtipwazi Road Horizon Contractors ZAWA Eastern Periodic Maintenance 7-Oct-08 4.07 6-Feb-09 1,761,193,200.00 182,700,000.00 182,700,000.00 On-going 10%
14 Nyimba-Sinda Sable Transport Limited Zulu Barrow Eastern 107.00 Periodic Maintenance 15-Feb-08 10.00 11-Dec-08 21,746,296,211.50 2,326,180,338.90 2,771,229,986.88 1,704,328,357.44 4,163,164,020.00 10,964,902,703.22 on-going 50%
15 Katete-Chanida Raubex Construction Limited RE Eastern 20.00 Periodic Maintenance 1-Jun-08 3.00 31-Aug-08 10,271,820,625.00 - - 2,082,910,500.00 3,670,863,732.00 5,753,774,232.00 on-going 56%
Emergency Repair of Road D 134 (Petauke- 14-Nov-08 13-Jul-09 26,933,372,884.00
Eastern 1,775,791,800.00
16 Chilongozi) including Ukwimi Sable Transport Limited Emergency Repair 8.03 1,775,791,800.00 On-going 7%
23 T4: Airport Turn-Off to Luangwa Bridge Raubex Construction Limited BCHOD Lusaka 230.00 Periodic Maintenance 23-Aug-08 23-Dec-08 80,168,600,476.00 4,976,752,176.00 5,288,739,100.20 10,265,491,276.20 Ongoing
M1/M2 Kasama via Mbala to Mpulungu from Km Eastconsult/BNC Consulting 17-Jul-08 15.00 17-Oct-09 59,995,515,148.80
Raubex Construction Limited Northern 110.00 Periodic Maintenance - - 6,744,377,808.00 6,744,377,808.00 Ongoing 11%
24 0+000 to Km 110+000, lot 1 Engineers
25 M1/M2 Kasama via Mbala to Mpulungu Eastconsult/BNC JV Northern Periodic Maintenance 1-Aug-08 17.20 30-Dec-09 3,938,200,000.00 536,152,000.00 536,152,000.00 On-going 14%
M1/M2 Kasama via Mbala to Mpulungu from Km Eastconsult/BNC Consulting 17-Jul-08 15.23 17-Oct-09 59,869,840,800.00
Raubex Construction Limited Northern 100.00 Periodic Maintenance - - 5,978,466,000.00 5,978,466,000.00 On-going 10%
26 110+000 to Km 210+000, lot 2 Engineers
27 Roan Mpatamatu China Geo Eng. Corporation R.E Copperbelt 13.00 Periodic Maintenance 30-Sep-08 28-Feb-09
Bauleni Turnoff to State Lodge Road and Selected 1-Jul-08 14-Feb-09 18,199,114,715.02
Raven worx Const RDA HQ Lusaka 14.00 Periodic Maintenance 6,194,827,420.00 8,164,448,170.51 On-going
28 Primary Roads in Nyumba Yanga
29 Chikomeni- Mwanya Road in Lundazi(95km) Nakangea Enterprises Limited ZAWA Eastern Periodic Maintenance 5-Dec-08 4.00 4-Apr-09 3,474,135,504.00 - - - 384,714,000.00 384,714,000.00 On-going 11%
Sub-total Periodic Maintenance Paved 1,460.20 512,395,133,739.09 19,847,179,933.93 21,533,135,044.18 49,207,394,270.11 53,779,609,911.75 144,367,319,159.97
Periodic Maintenance Unpaved
Regional Engineer's Office 2,283,912,125.00 Project is
1 Chitanda-Chiyuni-Ipongo Central 1,463,830,425.00 Substantially
Crocodile Construction Ltd 74.00 Periodic Maintenance 22-Oct-07 4.00 22-Feb-08 732,850,625.00 374,117,400.00 233,580,500.00 123,281,900.00 Complete 100%
Emergency Repairs of Drainange Structures and Mundial Works Limited 3,435,206,500.00
2 55km of carriageway from Mpula to Mboroma Central 1,472,254,450.87
RDA 55.00 Emergency Repair 30-Oct-07 6.00 30-Apr-08 - 84,436,087.50 519,078,000.60 868,740,362.77 On-going 85%
Kakoma 2 Culverts across the Lukanga River D817 Wavizana Enterprises 657,928,031.25
Central 378,181,535.00
Regional Engineer's Office Periodic Maintenance 15-Oct-07 15-Jun-08 378,181,535.00 57%
D240, Masala Secondary School-Commando-Mushili RDA Copperbelt 23.00 17-May-08 4.50 9-Sep-08 2,847,534,066.52 - - 1,493,628,813.36
3 Road Gomes Haulage Limited Periodic Maintenance 1,493,628,813.36
On-going 52%
D243, Zambezi Portland Cement-Chief Chiwala- RDA Copperbelt 32.80 17-May-08 4.50 9-Sep-08 2,970,957,088.18 - - 636,434,865.36 1,850,209,895.84
4 Zambezi Portland Cement Gomes Haulage Limited Periodic Maintenance 2,486,644,761.20
On-going 84%
Kasanka-Milenge AMC Contractors Regional Engineer's Office Luapula 74.00 28-Apr-08 28-Oct-08 2,611,602,000.00 - 712,057,300.00 1,188,424,350.00 745,475,450.00
5 Periodic Maintenance 6.00 2,645,957,100.00
On-going 101%
6 Samfya-Lubwe-Kasaba China Jiangxi EG Petit & Partners Luapula 83.10 Periodic Maintenance 21-Jun-08 6.00 20-Dec-08 8,849,818,587.50 - - 1,475,172,000.00 2,027,410,012.44 3,502,582,012.44 On-going 40%
7 Mununga-Nkoshya-Musunsa **Terminated** Raubex RDA Luapula Periodic Maintenance 14-Jun-08 6.00 14-Dec-08 12,291,408,098.75 - - - - Terminated N/A
Mung'anga-Kawambwa AMC Contractors RDA Luapula 87.00 6,984,058,400.00 - - - 858,794,400.00 -
8 Periodic Maintenance - Formation
and Drainage
works 10%
Londwe-Mabokunda Road Pine Roads and General RDA Luapula 20.00 25-Jul-08 24-Oct-08 1,570,317,000.00 - - 58,464,000.00 58,464,000.00
9 Contractors Periodic Maintenance 3.00
On-going 4%
Chembe-Matanda Heroes Construction and RDA Luapula 93.00 4-Aug-08 1-Dec-08 2,791,606,125.00 - - - -
10 General Dealers Periodic Maintenance 4.00
On-going 11%
11 Kalomo to Kabanga Mission China Jiangxi Bari Zambia Southern 70.10 Periodic Maintenance 14-Jun-08 6.00 14-Dec-08 12,347,730,725.00 - - 684,603,000.00 6,301,416,960.00 6,986,019,960.00 On-going 57%
12 Monze to Chitongo, Namusonde to Maala China Jiangxi BCL Consulting Southern 94.30 Periodic Maintenance 14-Jun-08 6.00 14-Dec-08 24,670,539,465.00 - - 5,777,626,500.00 3,581,082,342.00 9,358,708,842.00 On-going 38%
13 RD315-Limulunga/Ushaa JMB Investment RDA Western 27.00 Periodic Maintenance 3-Dec-07 8.00 4-Jul-08 3,572,872,143.75 - 1,273,192,944.67 - 333,398,294.10 1,606,591,238.77 On-going 45%
14 Nangweshi-Sinjembela VK Enterprises RDA Western 120.00 Spot Improvement 27-Mar-08 3.00 27-Jun-08 662,523,750.50 - 160,776,000.00 - 160,776,000.00 On-going 24%
Raubex Construction Zambia 13,037,826,848.75 -
15 Lusaka 6,453,598,501.44
Ngwere/Chisamba/Ngwerere Airport road (D176/753 Limited RDA 88.00 Periodic Maintenance 15-Jun-08 6.00 15-Dec-08 1,412,168,688.00 1,520,935,489.44 3,520,494,324.00 On-going 49%
16 Appollo/ Kapopo Road China Geo Eng. Corporation RDA Central 9.40 Periodic Maintenance 23-Sep-08 3.00 23-Dec-08 2,032,994,646.00 - - 1,284,688,719.00 1,584,751,284.00 2,869,440,003.00 On-going 82%
17 Installation of Road Signs in Lusaka Provicne Conquest Gen. Dealers RDA Lusaka various Periodic Maintenance 14-Apr-08 3.00 14-Jul-08 797,236,912.50 - - 259,079,040.00 259,079,040.00 On-going 32%
Raubex Construction Zambia EG Petit/Eastconsult in 16,525,184,431.20 - -
18 143.00 28-May-08 24-Nov-08
D301 Lalafuta Bridge - Kasempa Limited Association N/Western Periodic Maintenance 6.00 2,471,461,200.00 2,161,100,880.00 4,632,562,080.00 On-going 28%
Raubex Construction Zambia 12,556,435,223.75 - -
19 Bicon 94.00 30-May-08 26-Nov-08
D181 Kasempa-Lunga Pontoon Limited N/Western Periodic Maintenance 6.00 3,504,661,020.00 1,548,638,280.00 5,053,299,300.00 On-going 40%
Raubex Construction Zambia 13,799,561,723.70 - -
20 Bicon 88.00 30-May-08 26-Nov-08
D181 From Lunga Pontoon-Lubungu Pontoon Limited N/Western Periodic Maintenance 6.00 866,311,200.00 866,311,200.00 On-going 6%
21 D181 Lubungu Pontoon - Mumbwa China Jiangxi Bicon Central 106.00 Periodic Maintenance 20-May-08 6.00 26-Nov-08 6,503,501,331.25 - - 1,392,904,800.00 1,392,904,800.00 On-going 21%
6,774,094,067.40
Nampundwe Blue Lagoon Road Central 83.60 28-Feb-09
Sable Transport Regional Engineer's Office Periodic Maintenance 29-Aug-08 1,268,825,400.00 3,316,478,976.00 4,585,304,376.00 On-going 68%
1,159,114,000.00 - 330,625,520.00
22 Masamba - Kavumbo - Kamuswazi Road Bwelako Mano Livestock Farm Regional Engineer's Office Nothern 25.00 Periodic Maintenance 510,358,900.00 840,984,420.00
18-Oct-07 2.00 18-Dec-07 On-going 73%
2,882,477,922.50 - -
23 Chimula - Chindumuzi - Senka Road Vyane Enterprise Limited Regional Engineer's Office Nothern 102.00 Periodic Maintenance 866,464,911.44 866,464,911.44
24-Oct-07 5.00 24-Mar-08 On-going 30%
Page 3 of 14
588,993,660.00 - -
24 Mbala - Motomoto - Museum Road JMB Investments Regional Engineer's Office Nothern 3.50 Periodic Maintenance 275,915,872.80 275,915,872.80
1-Nov-07 3.00 31-Jan-08 On-going 47%
Supreme Construction and 2,794,197,000.00 - -
25 Mpika - Nabwalya Road Regional Engineer's Office Nothern 144.00 Periodic Maintenance 257,972,408.00 257,972,408.00
Engineering Limited 1-May-07 20.00 1-Jan-09 On-going 9%
Supreme Construction and 2,773,099,875.00 - -
26 Kasama - Isoka Road Regional Engineer's Office Nothern 175.00 Periodic Maintenance 322,596,000.00 322,596,000.00
Engineering Limited 27-Aug-07 10.00 26-Jun-08 On-going 12%
Spot improvements and Repairs of the Kusefya JB Carriers and General 291,650,100.00 277,762,000.00
27 RE Northern Periodic Maintenance 277,762,000.00
Pang'wena Arena Road Suppliers 4-Sep-08 0.97 3-Oct-08 completed 95%
Pine Roads and General 4,449,178,973.56
28 Sumbu to Kasaba RE Nothern Periodic Maintenance 928,483,895.16 928,483,895.16
Contractors 1-Sep-08 7.00 30-Mar-09 On-going 21%
Pine Roads and General 6,930,250,952.31
29 D53 from M1 Junction to Shiwangandu T2 JNC RE Nothern 76.00 Periodic Maintenance 1,611,417,911.87 1,611,417,911.87
Contractors 1-Oct-08 7.03 30-Apr-09 On-going 23%
30 Isoka - Itontela Muyombe Road China Jiangxi BCHOD Nothern 110.50 Periodic Maintenance 9-May-08 4.00 9-Sep-08 10,242,729,681.25 - - 2,257,780,500.00 4,361,988,600.00 6,619,769,100.00 On-going 65%
358,836,187.50 78,149,250.00
31 D7 Mbala - tanzania Border-PRP Chibaris Freight Line Limited Regional Engineer's Office Nothern Periodic Maintenance 78,149,250.00
2-Nov-06 2.03 2-Jan-07 22%
1,810,006,000.00 - -
32 T2 Chilonga to D001 (R310) Road Vyane Enterprise Limited Regional Engineer's Office Nothern 16.00 Periodic Maintenance 643,104,000.00 643,104,000.00
20-Jul-08 3.00 21-Oct-08 On-going 36%
Teichmann Plant Zambia 13,584,498,125.00 - -
33 D020 from Kapatu to Kasama Road Regional Engineer's Office Nothern 72.00 Periodic Maintenance 1,292,941,800.00 4,455,707,175.00 5,748,648,975.00
Limited 9-Jul-08 5.00 9-Dec-08 On-going 42%
Luwingu to Nsombo and D043 Junction at Km 50.5 to 20,593,247,724.50 - -
34 Sable Transport Regional Engineer's Office Nothern 145.00 Periodic Maintenance 1,047,445,200.00 2,381,782,174.20 3,429,227,374.20
Chaba road 4-Sep-08 10.00 5-Jul-09 On-going 17%
17 Zachariah Chanda Do39 Road Sable Transport Limited Zulu Barrow Northern 102.00 Periodic Maintenance 21-Oct-08 6.00 19-Apr-09 23,920,068,260.00 2,048,014,800.00 2,048,014,800.00 ongoing 9%
China Geo-Engineering Periodic Maintenance 30-Aug-08 28-Dec-08 10,870,768,398.12 Project is
Northern 44.50 9,391,223,185.97
18 Senga Hill-Chinakila Corporation RE 4.00 522,522,000.00 8,868,701,185.97 Complete 86%
19 D18 Kasefya Pangw'ena Road (25km) Pacific Parts (Z) Ltd Northern 25.00 Periodic Maintenance 4-Nov-08 3.07 4-Feb-09 2,429,525,133.75 - - - 840,557,025.00 840,557,025.00 On-going 35%
China Geo-Engineering Periodic Maintenance 30-Aug-08 28-Dec-08 11,427,699,550.00
Northern
20 Mukunta-Kayambi-Chozi Road Corporation RE 4.00 5,427,414,768.60 5,427,414,768.60 On-going 47%
China Geo-Engineering 10-Oct-08 8-Apr-09 20,827,815,691.32
Northern Periodic Maintenance
21 T2-Katibungu-Mukungule Road (84km) Corporation RE 6.00 4,726,998,034.38 4,726,998,034.38 On-going 23%
7-Sep-07 11.00 7-Aug-08 10,241,654,967.00 Project is
China Geo-Engineering
T004 from Isoka to Nakonde Regional Engineer's Office Northern 50.00 Periodic Maintenance - 2,496,658,030.40 3,022,480,560.13 5,519,138,590.53 Substantially
Corporation
22 Complete 100%
35 Mwanya to Chanjuzi Lukomi Enterprises RDA Eastern Periodic Maintenance 7-Oct-08 6-Feb-09 1,273,639,400.00 436,705,200.00 436,705,200.00 On-going 34%
36 Mfuwe to Chichele Nakangea Enterprises Limited Eastern Periodic Maintenance 29-Sep-08 4.07 29-Jan-09 2,169,493,480.00 743,259,096.00 743,259,096.00 On-going 34%
37 Luambe to Mwanya Road Shachitari Contractors RDA Eastern Periodic Maintenance 7-Oct-08 3.03 6-Jan-09 1,417,476,500.00 1,067,751,000.00 1,067,751,000.00 On-going 75%
38 Mfuwe to Mwanya Road Ansel general Dealers RDA Eastern Periodic Maintenance 7-Oct-08 4.07 6-Feb-09 1,417,476,500.00 335,450,250.00 335,450,250.00 On-going 24%
27,424,786,004.00 - -
39 D56 Safwa to Chinsali Road Sable Transport Regional Engineer's Office Nothern 125.00 Periodic Maintenance 2,048,014,800.00 1,276,864,940.00 3,324,879,740.00
28-Aug-08 8.00 25-Apr-09 On-going 12%
Sub-total Periodic Maintenance UnPaved 1,827.50 342,453,533,376.81 810,999,875.00 8,746,714,542.81 34,569,140,077.89 70,219,966,152.33 113,488,026,248.03
GRAND TOTAL 3,287.70 854,848,667,115.90 20,658,179,808.93 30,279,849,586.99 83,776,534,348.00 123,999,576,064.08 257,855,345,408.00
Page 4 of 14
APPENDIX E: Ongoing Urban and Feeder Roads Contracts
46
Local Road Authorities
Financial Progress
Contract Contract Start Duration Completion
No. Project Name Contractor Supervising Consultant Province Work Type End Date Contract Sum (ZK) Q-1 Q-2 Q-3 Q-4 Cumulative to Date Comments
Length Date (Months) Percentage %
Spot improvement works on Mazabuka LRA/RE RDA
1 Lamsa Enterprises Southern unpaved 16.00 Spot improvement works 10-Apr-08 3.00 10-Jun-08 317,779,220.00 - 155,418,192.00 - 99,384,624.00 254,802,816.00 On-going 35%
Chingangauka -Malengo road in Mazabuka Southern
Spot improvement works on Ng'ombe Jojo Mining and Construction Siavonga LRA/RE RDA
2 Southern unpaved 10.00 Spot improvement works 15-Apr-08 3.00 30-Jul-08 398,025,375.00 - - 150,336,000.00 150,336,000.00 On-going 65%
illede Sub Center Siavonga. Company Southern
Spot improvement works on Muchila road Kalomo LRA/RE RDA
3 Brinyi Investments Ltd Southern unpaved 12.70 Spot improvement works 13-Apr-08 3.00 27-Jul-08 366,958,521.88 - - 92,968,852.50 203,437,102.50 296,405,955.00 On-going 54%
Kalomo. Southern
Spot improvement works on Choma LRA/RE RDA

4 H& M General Contractor Southern unpaved 20.00 Spot improvement works 2-Apr-08 3.00 17-Jul-08 647,413,250.00 - 142,093,463.40 342,797,075.20 484,890,538.60 On-going 65%
Macha,Munzuma Market Roads in Choma. Southern
Spot improvement works on Chicheleko

5 H& M General Contractor Monze LRA/RE RDA Southern unpaved Spot improvement works 15-Nov-08 602,046,500.00 522,835,095.60 522,835,095.60
Chipembele Road lot 6 in Monze
Periodic Maintenance, Spot Improvement

Solwezi LRA/RE RDA N/
6 and Drainage Works on the M8 - old S. Sigedt Heritage North-Western unpaved 25.00 Periodic Maintenance 14-Apr-08 4.00 14-Aug-08 386,453,251.00 - - 190,483,437.60 190,483,437.60 on- going 49%
Western
Matebo Palace
Spot improvement works on Siavonga LRA/RE RDA

7 Gladwish Agencies Ltd Southern unpaved 5.00 Spot improvement works 16-Jun-08 5.00 10-Oct-08 482,994,325.00 - - 98,874,630.00 98,874,630.00 On-going 30%
ibbwemunyama - Lusitu Road in Siavonga Southern
Periodic Maintenance, Spot Improvement

Kasempa LRA/RE RDA
8 and Drainage Works on the M8 - old Mu-neck General Contractors North-Western unpaved 22.40 Periodic Maintenance 14-Apr-08 4.00 14-Aug-08 446,422,649.75 - - 116,889,497.28 116,889,497.28 on- going 26%
N/Western
Matebo Palace
Rehabilitation, spot improvement and Uloso Enterprises JV Natty
9 drainage works West Lumwana - Kakoma Enterprises and Barus General Mwinilunga LRA/RE RDA North-Western unpaved Spot improvement works 1-May-08 27-Feb-09 1,092,693,135.88 304,299,900.00 304,299,900.00 On-going
Road Dealers
Kabwe LRA/RE RDA
9 Maintenance of Buntungwa Street Chrizo General Dealers Central paved 5.00 Periodic Maintenance 18-Mar-08 4.00 4-Jul-08 741,086,482.50 - 92,414,880.00 96,900,948.00 206,398,800.00 395,714,628.00 on- going 53%
Central
Kabwe LRA/RE RDA
10 Maintenance of Hosipital Road in Kabwe Shefery Jobbing Contractors Central paved 3.00 Periodic Maintenance 13-Mar-08 2.00 13-May-08 314,750,070.00 - 171,346,500.00 59,377,500.00 230,724,000.00 on- going 73%
Central
Project is
Maintenance of the Upper Lunsemfwa to Kabwe LRA/RE RDA
11 Alpha Enterprises Central unpaved 25.00 Periodic Maintenance 18-Mar-08 4.00 4-Jul-08 542,590,912.00 - 232,316,100.00 243,617,400.00 475,933,500.00 Substantially 88%
Kanjili Road Central
complete
Maintenance of Various Township Roads in Kabwe LRA/RE RDA unpaved 10 paved
12 Wavizana Enterprises Central 14.90 Periodic Maintenance 17-Mar-08 5.00 17-Aug-08 1,355,471,778.50 - - 156,355,704.00 156,355,704.00 on- going 12%
Mumbwa Central 4
Maintenance of Post Office to Serenje
Kabwe LRA/RE RDA
13 Farmer's Training College Road in Serenje Shefery Jobbing Contractors Central paved 2.50 Periodic Maintenance 16-May-08 2.00 15-Jul-08 281,174,092.00 - 102,755,700.00 - 102,755,700.00 on- going 37%
Central
District
Kabwe LRA/RE RDA
14 Maintenance of Mungule to Chilo Road Time Construction Limited Central unpaved 79.70 Periodic Maintenance 18-Mar-08 4.00 18-Jul-08 758,566,605.00 - - 263,651,760.00 271,189,440.00 534,841,200.00 on- going 71%
Central
Rehabilitation and Maintenance of the Heros Construction And Kapiri Mposhi LRA/RE
15 Central paved 4.10 Periodic Maintenance 18-Mar-08 4.00 18-May-08 268,751,640.00 - - 53,285,760.00 53,285,760.00 on- going 20%
Water Works to Kapiri Mposhi Road General Dealers RDA Central
Milenge-Chembe via Mumbo Tuta Falls
16 through malenga ponga ponga & Lungo- Integrity Enterprises RDA/LRA Luapula unpaved 30.00 Spot improvement works 24-Apr-08 3.70 13-Aug-08 638,626,012.50 - - 89,053,200.00 89,053,200.00 on-going 14%
Mukuta
17 Boma-Corner Bar-Malilangoma Road Joseph Chisala Chibale Inv Ltd RDA/LRA Luapula unpaved 4.50 Spot improvement works 7-Apr-08 2.03 7-Jun-08 284,951,012.50 - - 230,165,460.00 230,165,460.00 on-going 81%
18 Mansa-Fiyongoli Farm Block Steve Road Contractors RDA/LRA Luapula unpaved 10.00 Spot improvement works 3-Apr-08 2.03 3-Jun-08 167,585,550.00 - - 133,144,800.00 133,144,800.00 on-going 79%
19 Mumbuluma Timber Bridge Lizamiya Enterprises RDA/LRA Luapula Spot improvement works 12-May-08 2.00 11-Jul-08 253,304,328.00 - - 111,244,986.00 111,244,986.00 on-going 44%
20 Matanda Resettlement Scheme Vechmak Empire Investment RDA/LRA Luapula unpaved 6.40 Spot improvement works 1-Apr-08 3.00 30-Jun-08 397,585,925.00 - 148,475,484.00 - 148,475,484.00 on-going 37%
21 Muombe Culverts Khatikafwe Enterprises RDA/LRA Luapula Spot improvement works 7-Apr-08 2.03 7-Jun-08 95,312,181.00 - - 61,451,928.00 61,451,928.00 on-going 64%
22 Tayali Road Suregate General Dealers RDA/LRA Luapula unpaved 10.00 Spot improvement works 31-Mar-08 2.03 31-May-08 188,194,462.50 - - 151,641,000.00 151,641,000.00 on-going 81%
23 Kabulungeme Drawings Road J.K Mwandama RDA/LRA Luapula unpaved 2.00 Spot improvement works 5-May-08 1.00 4-Jun-08 85,873,700.00 - - - 61,455,060.00 61,455,060.00 on-going 72%
24 Lower Luongo Road Mbabubo General Dealers RDA/LRA Luapula unpaved 4.50 Spot improvement works 7-Apr-08 2.03 7-Jun-08 117,669,200.00 - - - 95,045,760.00 95,045,760.00 on-going 81%
25 Lusenga Plains National Park Road Nemcon Investments Ltd RDA/LRA Luapula unpaved 173.00 Spot improvement works 16-May-08 4.00 13-Sep-08 798,365,793.80 - - 426,134,700.00 426,134,700.00 on-going 53%
26 Boma/Nchelenge/Kashikishihabour Road Kapwil Business Centre RDA/LRA Luapula unpaved 5.50 Spot improvement works 25-Apr-08 5.93 20-Oct-08 355,776,840.00 - - 173,993,040.00 173,993,040.00 on-going 49%
27 Chief Mununga-Kapoko Road Shamucha Building Contractors RDA/LRA Luapula unpaved 12.00 Spot improvement works 1-Mar-08 3.07 1-Jun-08 367,863,595.00 - - - 26,214,796.50 26,214,796.50 on-going 7%
28 Kafulwe Road Shamucha Building Contractors RDA/LRA Luapula unpaved 2.70 Spot improvement works 1-Apr-08 1.00 1-May-08 131,302,723.24 - 57,810,456.00 - 57,810,456.00 on-going 44%
29 Kalaba-Lupende Feeder road G.M Enterprises RDA/LRA Luapula unpaved 9.40 Spot improvement works 23-Jul-08 2.03 22-Sep-08 499,654,650.00 - - 48,681,720.00 48,681,720.00 on-going 10%
30 Mashimi Community Road Frog Enterprises RDA/LRA Luapula unpaved 7.00 Spot improvement works 3-Oct-08 4 2-Feb-09 693,633,600.00 56,793,600.00 56,793,600.00 on-going
31 Sepe Community Road Paumwaka Agencies RDA/LRA Luapula unpaved 8.50 Spot improvement works 23-Sep-08 3 22-Dec-08 1,066,353,200.00 134,362,800.00 134,362,800.00 on-going
32 Chembe East Road in Kalulushi District Horizon Contractors RDA/LRA Copperbelt unpaved 12.50 Spot improvement works 15-Apr-08 2.03 15-Jun-08 637,500,000.00 - - 118,807,200.00 118,807,200.00 on-going 19%
33 St Anthony Road in Mpongwe District Janks Construction RDA/LRA Copperbelt unpaved 12.00 Spot improvement works 26-Apr-08 2.03 26-Jun-08 569,927,875.00 - - 123,526,080.00 123,526,080.00 on-going 22%
34 Cedrics Farm Road in Kitwe District Chance Contractors RDA/LRA Copperbelt unpaved 5.00 Spot improvement works 26-Apr-08 2.03 26-Jun-08 325,328,125.00 - - 109,125,144.00 109,125,144.00 on-going 34%
36 Chikupi/Chanyanya Lamsa Enterprises LRA/RE Lusaka unpaved 13.20 Periodic Maintenance 21-Apr-08 3.00 21-Jul-08 366,087,700.00 - - 215,501,122.80 94,974,357.20 310,475,480.00 on-going 85%
37 T4 Palabana (D153)Road VK Enterprise LRA/RE Lusaka unpaved Periodic Maintenance 25-Apr-08 4.00 25-Jul-08 456,278,350.00 - - 81,254,520.00 74,844,360.00 156,098,880.00 on-going 34%
38 Palabana & State Lodge Mango Tree Construction CO. LRA/RE Lusaka unpaved 20.00 Periodic Maintenance 2-Jul-08 2.50 17-Sep-08 2,848,430,750.00 - - 2,449,098,575.00 184,646,161.00 2,633,744,736.00 on-going 92%
39 Chipeketi Road Jamcho Trading LRA/RE Lusaka unpaved 21.00 Periodic Maintenance 24-Apr-08 3.00 24-Jul-08 704,283,250.00 - - - - Contract terminated 0%
40 Kabuyu Road Jamcho Trading LRA/RE Lusaka unpaved 12.00 Periodic Maintenance 24-Apr-08 3.00 24-Jul-08 477,320,250.00 - 215,951,400.00 176,316,520.00 392,267,920.00 Completed 82%
41 Twin Palm/Kabulongo/Avondale Rd Bric Tech Construction LRA/RE Lusaka unpaved 18.70 Periodic Maintenance 28-Apr-07 12.10 25-Apr-08 1,185,953,352.94 - 397,699,681.12 1,079,735,467.82 60,862,000.00 1,538,297,148.94 completed 130%
Ngwerere/Chisamba/Kabanana/GNR-
42 Shachitari Contractors LRA/RE Lusaka unpaved 40.20 Periodic Maintenance 28-Apr-07 12.27 30-Apr-08 1,939,714,087.50 - 350,246,050.00 1,774,536,025.00 2,124,782,075.00 completed 110%
Kapopo
43 Kafubu Dairy Farm Road Vibrant Construction RDA/LRA Copperbelt unpaved 14.30 Spot improvement works 17-Jul-08 2.07 17-Sep-08 668,610,250.00 - - 196,167,600.00 196,167,600.00 on-going 29%
Subtotal Periodic Maintenance 699.70 25,324,664,572.49 - 2,066,527,906.52 9,615,117,653.20 2,396,743,856.80 14,078,389,416.52
Page 6 of 14
Financial Progress
Contract Contract Start Duration Completion
No. Project Name Contractor Supervising Consultant Province Work Type End Date Contract Sum (ZK) Q-1 Q-2 Q-3 Q-4 Cumulative to Date Comments
Length Date (Months) Percentage %
Rehabilitation
Rehabilitation and Maintenance of Old
Rehabilitation and
1 Great North Road (10.3Km) in Isoka Lemano Fumigators LRA/RE Northern unpaved 10.30 21-Aug-08 2.73 11-Nov-08 251,197,422.00 - - 19,457,793.60 19,457,793.60
Maintenance
District, Lot 3B
Rehabilitation of, Spot Improvement and
Mutoka Watson Contractors and Kasempa LRA/RE RDA
2 Drainage works on the Lukeka Road, North-Western unpaved 18.00 Rehabilitation 14-Apr-08 4.00 14-Aug-08 401,748,356.00 - - 85,722,840.00 85,722,840.00 on- going 21%
General Dealers N/Western
Kasempa District
Rehabilitation of, Spot Improvement and
Kabompo LRA/RE RDA
3 Drainage works on the Kanyambila to Roygrove Zambia Limited North-Western unpaved 20.00 Rehabilitation 14-Apr-08 4.00 14-Aug-08 480,099,125.00 - - 130,161,744.00 130,161,744.00 on- going 27%
N/Western
Chifuwe Road, Kabompo District
Rehabilitation and Maintenance of

Namwezi Mwamba road (3.7km), Market
Chabantu Enterprises and Rehabilitation and
4 Road (0.8km), Church Road (0.6km), Philip LRA/RE Northern unpaved 7.00 17-May-08 3.07 17-Aug-08 434,437,820.00 - - - - - - 0%
General Contractors Maintenance
Sikazwe Road (1.8km) in Mbala District, lot
7C
Rehabilitation and Maintenance of RD 69

Rehabilitation and
5 Sansamwenje - M14 Road (17.5km) in Town Mouse Enterprises LRA/RE Northern unpaved 17.50 16-May-08 4.10 16-Sep-08 532,825,781.00 - - 183,352,500.00 183,352,500.00 On-going 34%
Maintenance
Isoka District, Lot 3A
Rehabilitation and Maintenance of Hospital Thosims Suppliers and Rehabilitation and

6 LRA/RE Northern unpaved 3.20 16-May-08 4.10 16-Sep-08 226,380,787.50 - - 164,628,360.00 164,628,360.00 Completed 73%
Road (1.9km) in Nakonde District, Lot 12 Contractors Maintenance
Periodic Maintenance of Hospital Road Rehabilitation and

7 Dangle General Trading LRA/RE Northern unpaved 1.30 16-May-08 4.10 16-Sep-08 240,803,325.00 - - 106,247,880.00 106,247,880.00 On-going 44%
(1.3km) in Mbala District, Lot 7A Maintenance
Rehabilitation of Mwenisiwi Mulekatembo Rehabilitation and
8 A.Argente and Company limited LRA/RE Northern unpaved 26-Oct-08 12.13 25-Oct-09 12,515,151,550.00 - - - 741,240,000.00 741,240,000.00 On-going 6%
Mpangala Maintenance
Rehabilitation and
9 Mwafushi MC Chewe LRA/RE Northern unpaved 238,380,787.50
Maintenance
Periodic Maintenance of Kaka Kamuswazi Rehabilitation and
10 Jamcho Trading LRA/RE Northern unpaved 20.10 16-May-08 4.10 16-Sep-08 638,601,337.50 - - 59,210,460.00 59,210,460.00 On-going 10%
Road in Mbala District, Lot 7B Maintenance
Periodic Maintenance of 31Km of the Rehabilitation and

11 Pine Roads LRA/RE Northern unpaved 31.00 4-Sep-08 6.00 3-Mar-09 4,449,178,973.56 - - 928,483,895.16 928,483,895.16 On-going 22%
Sumbu - Kasaba Bay road under Zawa Maintenance
Rehabilitation and
12 Wadilika-Mjongombi road lot 6B in eastern John Musakabantu LRA/RE Northern unpaved 30-Jul-08 14.20 29-Sep-09 119,698,358.40 119,698,358.40 119,698,358.40 On-going
Maintenance
province
Jerusalem - Kalunga - Mutowe Road in Rehabilitation and Project is in Defects
13 Vibrant Construction LRA/RE Eastern unpaved 9.00 10-Mar-08 3.07 10-Jun-08 254,206,785.00 - 186,191,136.00 37,232,752.00 223,423,888.00 100%
Chipata District lot 1a under Road Maintenance Liability Period
Authorities
Rehabilitation and Maintenance of Chama -
Rehabilitation and
14 Kambombo Road in Chama District lot 3a New Tech's Contractors LRA/RE Eastern unpaved 18.00 1-Apr-08 1.97 30-May-08 187,628,700.00 - 89,502,120.00 - 63,945,000.00 153,447,120.00 On-going 82%
Maintenance
under Road Authorities
Rehabilitation and Substantially
15 Kalinkho-Nthoko Road in Chama District lot New Tech's Contractors LRA/RE Eastern unpaved 15.00 1-Apr-08 1.97 30-May-08 174,669,000.00 - 140,157,000.00 - 14,453,600.00 154,610,600.00 89%
Maintenance Complete
3b under Road Authorities
Rehabilitation and Maintenance of Nyembe
Rehabilitation and Project is in Defects
16 Road in Katete District lot 5a under Road Infasim Construction LRA/RE Eastern unpaved 7.90 17-Mar-08 2.03 17-May-08 229,504,648.00 - 119,623,608.00 - 119,623,608.00 100%
Maintenance Liability Period
Authorities

Rehabilitation and Project is in Defects
17 Mambato-Chamasongwe Road in Chipata Vibrant Construction LRA/RE Eastern unpaved 7.20 10-Mar-08 3.33 18-Jun-08 247,514,925.00 - - 221,083,240.00 221,083,240.00 100%
Maintenance Liability Period
District lot 1c under Road Authorities

Rehabilitation and
18 Hofmeyer Road in Nyimba District lot 7B Conquest General Dealers LRA/RE Eastern unpaved 11.20 8-Apr-08 3.03 8-Jul-08 396,842,596.50 - - 233,972,011.60 141,794,688.00 375,766,699.60 on-going 95%
Maintenance
Rehabilitation of Chama-Kazembe To Rehabilitation and
19 VK Enterprise Eastern unpaved 8-Sep-07 14.97 30-Nov-08 483,383,250.00 - - - 98,658,000.00 98,658,000.00 On-going 20%
Kazembe Maintenance
Rehabilitation and maintenance of Rehabilitation and
20 Chidambo Enterprises LRA/RE Eastern unpaved 7-Jul-08 4.87 30-Nov-08 199,280,235.00 109,484,280.00 109,484,280.00 on-going 55%
Mambwe to Kasenega lot 8 Maintenance
Rehabilitation and Maintenance of Lunyike
Rehabilitation and
21 Loop Road in Chipata District lot 1B under Chidambo Enterprises LRA/RE Eastern unpaved 6.00 22-Jun-08 3.07 22-Sep-08 207,381,037.50 - - 102,259,800.00 - 102,259,800.00 on-going 67%
Maintenance
Road Authorities
Rehabilitation and Maintenance of T4 -
Rehabilitation and
22 Melwe Road in Petauke District, lot 4a Eriboma Enterprises LRA/RE Eastern unpaved 8.00 22-Jun-08 3.07 22-Sep-08 218,077,650.00 - - 101,288,880.00 101,288,880.00 on-going 52%
Maintenance
Rehabilitation and Maintenance of T4 -
Rehabilitation and
23 Mumbi Road in Petauke District, lot 4b Eriboma Enterprises LRA/RE Eastern unpaved 21.00 22-Jun-08 4.07 22-Oct-08 398,585,761.88 - - 64,379,304.00 193,886,460.00 258,265,764.00 on-going 65%
Maintenance
Rehabilitation and Maintenance of Kawazi
Rehabilitation and
24 Road in Katete District, lot 5b under Road Janks Construction LRA/RE Eastern unpaved 5.00 1-Jul-08 2.70 20-Sep-08 219,622,305.00 - - 56,288,304.00 56,288,304.00 on-going 43%
Maintenance
Authorities
Rehabilitation and
25 Bata/Stadium/Mongu School-Lot 1 Mandanga Milling Company LRA/RE Western unpaved 1.60 22-May-08 3.00 5-Aug-08 318,307,500.00 - - 196,794,000.00 196,794,000.00 on-going 73%
Maintenance
Rehabilitation and
26 Township/Cemetary Road - Lot2 Mulasu Enterprise LRA/RE Western unpaved 2.00 19-Jun-08 2.00 19-Aug-08 333,050,812.50 - - 27,300,600.00 27,300,600.00 on-going 30%
Maintenance
Rehabilitation and
27 Kaoma/Naliele Road - Lot 4 VK Enterprise LRA/RE Western unpaved 10.00 15-Jun-08 2.50 31-Aug-08 238,786,143.75 - - - 160,776,000.00 160,776,000.00 on-going 0
Maintenance
Rehabilitation and
28 Kalabo/Wenela Road -Lot5 Mandanga Milling Company LRA/RE Western unpaved 2.50 12-Jun-08 2.50 31-Aug-08 455,870,625.00 - - - 97,329,800.00 97,329,800.00 on-going 0
Maintenance
Rehabilitation and
29 Mulongo/Town Road - Lot 6 C.Yubia General Dealers LRA/RE Western unpaved 5.00 15-Jun-08 3.00 15-Sep-08 478,574,625.00 - - 128,161,440.00 165,474,000.00 293,635,440.00 on-going 25.65
Maintenance
30 Selected Lusaka City Roads Roads & Paving LRA/RE Lusaka paved 7.00 Periodic Maintenance 24-Jul-08 8.10 24-Mar-09 14,609,249,512.00 - - 3,348,988,342.56 8,892,537,163.14 12,241,525,505.70 on-going 84%
Rehabilitation and Periodic Maintenance of Rehabilitation and
31 Roads & Paving LCC/RE Lusaka paved 45.00 2-Sep-08 2-May-09 77,741,065,600.00 9,471,305,787.12 9,471,305,787.12 12.18
45km of Lusaka City Roads Maintenance
Subtotal Rehabilitation 309.80 117,920,105,335.59 - 535,473,864.00 6,175,556,353.32 20,290,040,930.26 27,001,071,147.58
GRANDTOTAL 1,009.50 143,244,769,908.08 - 2,602,001,770.52 15,790,674,006.52 22,686,784,787.06 41,079,460,564.10
Page 7 of 14
APPENDIX F: Audited Financial Report
47
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CYMA

ŚĂƌƚĞƌĞĚĐĐŽƵŶƚĂŶƚƐΘDĂŶĂŐĞŵĞŶƚŽŶƐƵůƚĂŶƚƐ
>h^< WŽƐƚĂůĚĚƌĞƐƐ >/s/E'^dKE WŽƐƚĂůĚĚƌĞƐƐ

ƚŚ ŶĚ
ϰ ĨůŽŽƌ͕ůĞĐƚƌĂŚŽƵƐĞ WKŽǆϯϴϮϵϴ Ϯ ĨůŽŽƌ͕ŽůĚǁŝŶŐ WKŽǆϲϬϳϰϬ
ĂŝƌŽZŽĂĚ dĞů͗ϮϯϭϵϲϬ DƵƐŝͲKͲdƵŶǇĂ,ŽƵƐĞ dĞů͗ϯϮϯϯϭϲ
>ƵƐĂŬĂ &Ăǆ͗Ϯϯϲϳϳϵ >ŝǀŝŶŐƐƚŽŶĞ >ŝǀŝŶŐƐƚŽŶĞ
ĂŵďŝĂ ŵĂŝů͗ĐǇŵĂΛǌĂŵƚĞů͘ǌŵ ĂŵďŝĂ
ZWKZdK&d,h/dKZ^dKd,DDZ^K&d,ZKs>KWDEd'Ez
tĞŚĂǀĞĂƵĚŝƚĞĚƚŚĞĨŝŶĂŶĐŝĂůƐƚĂƚĞŵĞŶƚƐŽĨƚŚĞZŽĂĚĞǀĞůŽƉŵĞŶƚŐĞŶĐǇƐĞƚŽƵƚŽŶƉĂŐĞϰƚŽϲĂŶĚ
ƚŚĞƌĞůĂƚĞĚŶŽƚĞƐĨŽƌƚŚĞǇĞĂƌĞŶĚĞĚϯϭƐƚĞĐĞŵďĞƌ͕ϮϬϬϴ͕ǁŚŝĐŚŚĂǀĞďĞĞŶƉƌĞƉĂƌĞĚƵŶĚĞƌƚŚĞŚŝƐƚŽƌŝĐ
ĐŽƐƚĐŽŶǀĞŶƚŝŽŶ͘

Z^Wd/sZ^WKE^//>/d/^K&d,/ZdKZ^Eh/dKZ^

ƐĚĞƐĐƌŝďĞĚŽŶƉĂŐĞϭ͕dŚĞŝƌĞĐƚŽƌƐĂƌĞƌĞƐƉŽŶƐŝďůĞĨŽƌƚŚĞƉƌĞƉĂƌĂƚŝŽŶĂŶĚĨĂŝƌƉƌĞƐĞŶƚĂƚŝŽŶŽĨƚŚĞƐĞ
ĨŝŶĂŶĐŝĂůƐƚĂƚĞŵĞŶƚƐŝŶĂĐĐŽƌĚĂŶĐĞǁŝƚŚ/ŶƚĞƌŶĂƚŝŽŶĂů&ŝŶĂŶĐŝĂůZĞƉŽƌƚŝŶŐ^ƚĂŶĚĂƌĚƐ͘dŚŝƐƌĞƐƉŽŶƐŝďŝůŝƚǇ
ŝŶĐůƵĚĞƐ͗ĚĞƐŝŐŶŝŶŐ͕ŝŵƉůĞŵĞŶƚŝŶŐĂŶĚŵĂŝŶƚĂŝŶŝŶŐŝŶƚĞƌŶĂůĐŽŶƚƌŽůƌĞůĞǀĂŶƚƚŽƚŚĞƉƌĞƉĂƌĂƚŝŽŶĂŶĚĨĂŝƌ
ƉƌĞƐĞŶƚĂƚŝŽŶŽĨĨŝŶĂŶĐŝĂůƐƚĂƚĞŵĞŶƚƐƚŚĂƚĂƌĞĨƌĞĞĨƌŽŵŵĂƚĞƌŝĂůŵŝƐƐƚĂƚĞŵĞŶƚ͕ǁŚĞƚŚĞƌĚƵĞƚŽĨƌĂƵĚŽƌ
ĞƌƌŽƌ͖ƐĞůĞĐƚŝŶŐĂŶĚĂƉƉůǇŝŶŐĂƉƉƌŽƉƌŝĂƚĞĂĐĐŽƵŶƚŝŶŐƉŽůŝĐŝĞƐ͖ĂŶĚŵĂŬŝŶŐĂĐĐŽƵŶƚŝŶŐĞƐƚŝŵĂƚĞƐƚŚĂƚĂƌĞ
ƌĞĂƐŽŶĂďůĞŝŶƚŚĞĐŝƌĐƵŵƐƚĂŶĐĞƐ͘

/ƚŝƐŽƵƌƌĞƐƉŽŶƐŝďŝůŝƚǇƚŽĨŽƌŵĂŶŝŶĚĞƉĞŶĚĞŶƚŽƉŝŶŝŽŶŽŶƚŚĞĨŝŶĂŶĐŝĂůƐƚĂƚĞŵĞŶƚƐďĂƐĞĚŽŶŽƵƌĂƵĚŝƚ͘

^/^K&KW/E/KE

tĞĐŽŶĚƵĐƚĞĚŽƵƌĂƵĚŝƚŝŶĂĐĐŽƌĚĂŶĐĞǁŝƚŚƚŚĞ/ŶƚĞƌŶĂƚŝŽŶĂů^ƚĂŶĚĂƌĚƐŽĨƵĚŝƚŝŶŐ͘KƵƌĂƵĚŝƚŝŶĐůƵĚĞĚ
ƐƵĐŚ ƚĞƐƚƐ ŽŶ Ă ƐĂŵƉůĞ ďĂƐŝƐ ŽĨ ĂĐĐŽƵŶƚŝŶŐ ƌĞĐŽƌĚƐ ĂŶĚ Ă ƌĞǀŝĞǁ ŽĨ ĂĐĐŽƵŶƚŝŶŐ ƉŽůŝĐŝĞƐ ƚŽ ĚĞƚĞƌŵŝŶĞ
ǁŚĞƚŚĞƌ ƚŚĞǇ ĂƌĞ ĂƉƉƌŽƉƌŝĂƚĞ ƚŽ ƚŚĞ ŐĞŶĐǇ͛Ɛ ĐŝƌĐƵŵƐƚĂŶĐĞƐ ĂŶĚ͕ ǁĞƌĞ ĐŽŶƐŝƐƚĞŶƚůǇ ĂƉƉůŝĞĚ ĂŶĚ
ĂĚĞƋƵĂƚĞůǇ ĚŝƐĐůŽƐĞĚ͘ tĞ ƌĞǀŝĞǁĞĚ ƐƵĐŚ ŽƚŚĞƌ ƉƌŽĐĞĚƵƌĞƐ͕ ĂƐ ǁĞ ĐŽŶƐŝĚĞƌĞĚ ŶĞĐĞƐƐĂƌǇ ŝŶ ƚŚĞ
ĐŝƌĐƵŵƐƚĂŶĐĞƐ͘
tĞ ƉůĂŶŶĞĚ ĂŶĚ ƉĞƌĨŽƌŵĞĚ ŽƵƌ ĂƵĚŝƚ ƐŽ ĂƐ ƚŽ ŽďƚĂŝŶ Ăůů ƚŚĞ ŝŶĨŽƌŵĂƚŝŽŶ ĂŶĚ ĞǆƉůĂŶĂƚŝŽŶƐ ǁŚŝĐŚ ǁĞ
ĐŽŶƐŝĚĞƌĞĚ ŶĞĐĞƐƐĂƌǇ ŝŶ ŽƌĚĞƌ ƚŽ ƉƌŽǀŝĚĞ ĂƐƐƵƌĂŶĐĞ ƚŚĂƚ ƚŚĞ ĨŝŶĂŶĐŝĂů ƐƚĂƚĞŵĞŶƚƐ ǁĞƌĞ ĨƌĞĞ ĨƌŽŵ
ŵĂƚĞƌŝĂůŵŝƐƐƚĂƚĞŵĞŶƚƐ͕ǁŚĞƚŚĞƌĐĂƵƐĞĚďǇĨƌĂƵĚ͕ŝƌƌĞŐƵůĂƌŝƚǇŽƌĞƌƌŽƌ͘
/ŶĨŽƌŵŝŶŐŽƵƌŽƉŝŶŝŽŶǁĞĂůƐŽĞǀĂůƵĂƚĞĚƚŚĞŽǀĞƌĂůůĂĚĞƋƵĂĐǇŽĨƚŚĞƉƌĞƉĂƌĂƚŝŽŶĂŶĚƉƌĞƐĞŶƚĂƚŝŽŶŽĨ
ƚŚĞŝŶĨŽƌŵĂƚŝŽŶ͘

ZKs>KWDEd'Ez ϱ
/EKDEyWE/dhZ^ddDEd
&KZd,zZEϯϭDZϮϬϬϴ
ϮϬϬϴ ϮϬϬϳ
EŽƚĞ < <
/ŶĐŽŵĞ ƉƉĞŶĚŝǆ/ Ϯϰϱ͕ϭϭϰ͕ϭϬϲ͕ϵϯϳ ϭϮϰ͕ϯϬϭ͕ϰϮϮ͕ϰϰϴ
ĚŵŝŶŝƐƚƌĂƚŝǀĞĐŽƐƚƐ ƉƉĞŶĚŝǆ// ϭϲϱ͕ϴϱϯ͕ϲϮϳ͕ϳϬϳ ϴϭ͕ϬϬϬ͕ϴϲϵ͕ϲϰϱ

ZĞƉĂŝƌƐĂŶĚŵĂŝŶƚĞŶĂŶĐĞŽĨƌŽĂĚŶĞƚǁŽƌŬĂŶĚďƌŝĚŐĞƐ Ϯϵ͕ϴϯϯ͕ϱϵϲ͕ϳϲϮ ϱϲ͕ϵϵϰ͕ϯϱϯ͕ϰϮϱ
dŽƚĂůŽƉĞƌĂƚŝŶŐĐŽƐƚƐ ϭϵϱ͕ϲϴϳ͕ϮϮϰ͕ϰϲϵ ϭϯϳ͕ϵϵϱ͕ϮϮϯ͕ϬϳϬ
^ƵƌƉůƵƐͬ;ĞĨŝĐŝƚͿŽĨ/ŶĐŽŵĞŽǀĞƌǆƉĞŶĚŝƚƵƌĞ ϰϵ͕ϰϮϲ͕ϴϴϮ͕ϰϲϴ ;ϭϯ͕ϲϵϯ͕ϴϬϬ͕ϲϮϮͿ
;ϲ͕ϰϲϴ͕ϯϯϯ͕ϴϴϯͿ
Ͳ ϭϲ͕ϱϭϯ͕ϴϳϳ͕ϬϮϯ
^ddDEdK&,E'^/EW/d>'ZEdEhDh>d&hE
ĂƉŝƚĂů'ƌĂŶƚ ĐĐƵŵƵůĂƚĞĚ&ƵŶĚ dŽƚĂů

ĂůĂŶĐĞĂƚϭƐƚ:ĂŶƵĂƌǇϮϬϬϳ ϳϭϱ͕ϮϮϳ͕Ϯϭϳ͕ϱϬϮ ϵϯ͕ϭϳϮ͕ϵϲϱ͕ϲϱϳ ϴϬϴ͕ϰϬϬ͕ϭϴϯ͕ϭϱϵ
ĂƉŝƚĂůŐƌĂŶƚƐƌĞĐĞŝǀĞĚ ϯϴϴ͕Ϭϭϰ͕ϰϲϯ͕ϭϬϱ Ͳ ϯϴϴ͕Ϭϭϰ͕ϰϲϯ͕ϭϬϱ
ĞĨŝĐŝƚĨŽƌƚŚĞǇĞĂƌ Ͳ ;ϭϯ͕ϲϵϯ͕ϴϬϬ͕ϲϮϮͿ ;ϭϯ͕ϲϵϯ͕ϴϬϬ͕ϲϮϮͿ
ŵŽƌƚŝƐĞĚĚƵƌŝŶŐƚŚĞǇĞĂƌ ;Ϯϴ͕ϵϴϰ͕ϲϯϴ͕ϴϴϮͿ Ͳ ;Ϯϴ͕ϵϴϰ͕ϲϯϴ͕ϴϴϮͿ
ĂůĂŶĐĞĂƚϯϭƐƚĞĐĞŵďĞƌϮϬϬϳ ϭ͕Ϭϳϰ͕Ϯϱϳ͕Ϭϰϭ͕ϳϮϱ ϳϵ͕ϰϳϵ͕ϭϲϱ͕Ϭϯϱ ϭ͕ϭϱϯ͕ϳϯϲ͕ϮϬϲ͕ϳϲϬ
ĂůĂŶĐĞĂƚϭƐƚ:ĂŶƵĂƌǇϮϬϬϴ ϭ͕Ϭϳϰ͕Ϯϱϳ͕Ϭϰϭ͕ϳϮϱ ϳϵ͕ϰϳϵ͕ϭϲϱ͕Ϭϯϱ ϭ͕ϭϱϯ͕ϳϯϲ͕ϮϬϲ͕ϳϲϬ

WƌŝŽƌǇĞĂƌĂĚũƵƐƚŵĞŶƚ ϲϵ͕ϱϮϰ͕ϬϮϱ͕ϲϲϯ ϲϵ͕ϱϮϰ͕ϬϮϱ͕ϲϲϯ
ZĞƐƚĂƚĞĚďĂůĂŶĐĞ ϭ͕ϭϰϯ͕ϳϴϭ͕Ϭϲϳ͕ϯϴϴ ϳϵ͕ϰϳϵ͕ϭϲϱ͕Ϭϯϱ ϭ͕ϮϮϯ͕ϮϲϬ͕ϮϯϮ͕ϰϮϯ
ĂƉŝƚĂůŐƌĂŶƚƐƌĞĐĞŝǀĞĚ ϵϭϵ͕ϰϲϳ͕ϴϮϵ͕ϲϭϱ Ͳ ϵϭϵ͕ϰϲϳ͕ϴϮϵ͕ϲϭϱ

^ƵƌƉůƵƐĨŽƌƚŚĞǇĞĂƌ ϰϵ͕ϰϮϲ͕ϴϴϮ͕ϰϲϴ ϰϵ͕ϰϮϲ͕ϴϴϮ͕ϰϲϴ
ŵŽƌƚŝƐĞĚĚƵƌŝŶŐƚŚĞǇĞĂƌ ;ϵϲ͕ϯϬϵ͕ϮϮϯ͕ϭϮϲͿ Ͳ ;ϵϲ͕ϯϬϵ͕ϮϮϯ͕ϭϮϲͿ
ĂůĂŶĐĞĂƚϯϭƐƚĞĐĞŵďĞƌϮϬϬϴ ϭ͕ϵϲϲ͕ϵϯϵ͕ϲϳϯ͕ϴϳϳ ϭϮϴ͕ϵϬϲ͕Ϭϰϳ͕ϱϬϯ Ϯ͕Ϭϵϱ͕ϴϰϱ͕ϳϮϭ͕ϯϴϬ
dŚĞŶŽƚĞƐŽŶƉĂŐĞƐϳƚŽϭϮĨŽƌŵƉĂƌƚŽĨƚŚĞĨŝŶĂŶĐŝĂůƐƚĂƚĞŵĞŶƚƐ
ZKs>KWDEd'Ez ϲ
^ddDEdK&^,&>Kt^ ϮϬϬϴ ϮϬϬϳ
&KZd,zZEϯϭDZϮϬϬϴ < <
^ƵƌƉůƵƐͬ;ĞĨŝĐŝƚͿŽĨŝŶĐŽŵĞŽǀĞƌĞǆƉĞŶĚŝƚƵƌĞ ϰϵ͕ϰϮϲ͕ϴϴϮ͕ϰϲϴ ;ϭϯ͕ϲϵϯ͕ϴϬϬ͕ϲϮϮͿ

ĚũƵƐƚŵĞŶƚƐ
WƌŽĨŝƚŽŶĚŝƐƉŽƐĂůŽĨƉƌŽƉĞƌƚǇ͕ƉůĂŶƚĂŶĚĞƋƵŝƉŵĞŶƚ ;ϭϴ͕ϴϭϳ͕ϱϮϬͿ
/ŵƉĂĐƚŽĨĐŚĂŶŐĞŝŶĂĐĐŽƵŶƚŝŶŐƚƌĞĂƚŵĞŶƚŽĨ'ŽǀĞƌŶŵĞŶƚŐƌĂŶƚƐ Ͳ
ŵŽƌƚŝƐĂƚŝŽŶŽĨĐĂƉŝƚĂůŐƌĂŶƚ ;ϵϲ͕ϯϬϵ͕ϮϮϯ͕ϭϮϲͿ ;Ϯϴ͕ϵϴϰ͕ϲϯϴ͕ϴϴϯͿ
ĞƉƌĞĐŝĂƚŝŽŶ ϵϲ͕ϯϬϰ͕ϰϲϬ͕ϵϵϬ Ϯϴ͕ϵϴϰ͕ϲϯϴ͕ϴϴϯ
ŚĂŶŐĞƐŝŶƐƚŽĐŬ Ϯϯϵ͕ϭϰϰ͕ϴϲϱ ;ϭϬ͕ϵϬϲ͕ϱϰϭͿ
ŚĂŶŐĞƐŝŶĚĞďƚŽƌƐĂŶĚƉƌĞƉĂǇŵĞŶƚƐ ϭϰϮ͕ϴϬϰ͕Ϭϱϴ͕ϱϬϬ Ϯϵ͕ϲϱϮ͕Ϯϱϳ͕ϲϱϰ
ŚĂŶŐĞƐŝŶĂĚǀĂŶĐĞƉĂǇŵĞŶƚƐƚŽĐŽŶƚƌĂĐƚŽƌƐ ϱ͕ϰϮϵ͕ϴϬϮ͕ϱϱϱ ;ϯϱ͕ϲϯϮ͕ϰϰϲ͕ϲϬϳͿ
ŚĂŶŐĞƐŝŶƐƚĂĨĨĂĚǀĂŶĐĞƐĂŶĚŝŵƉƌĞƐƚƐ ϰϭϬ͕ϭϬϳ͕ϵϰϮ ;ϭ͕ϯϵϰ͕ϮϮϯ͕ϯϱϴͿ
ŚĂŶŐĞƐŝŶůŽŶŐƚĞƌŵĂŵŽƵŶƚƐƉĂǇĂďůĞƚŽĐŽŶƚƌĂĐƚŽƌƐ ;ϱϯ͕ϮϴϮ͕ϳϭϴ͕ϱϳϳͿ ;ϯϱ͕ϳϭϱ͕ϯϭϴ͕ϵϲϱͿ
ŚĂŶŐĞƐŝŶƐƚĂĨĨůŝĂďŝůŝƚŝĞƐ ϯ͕ϳϲϳ͕ϯϬϴ͕ϯϲϰ ϯ͕ϴϭϲ͕ϰϲϭ͕ϰϲϲ
ŚĂŶŐĞƐŝŶƐŚŽƌƚƚĞƌŵĂŵŽƵŶƚƉĂǇĂďůĞƚŽĐŽŶƚƌĂĐƚŽƌƐ ;ϭϰϮ͕ϳϮϭ͕ϰϬϰ͕ϵϯϰͿ ϰϵ͕ϰϵϬ͕Ϯϰϰ͕ϳϰϲ
ŚĂŶŐĞƐŝŶƐƚĂƚƵƚŽƌǇůŝĂďŝůŝƚŝĞƐ ;Ϯϵ͕ϭϯϭ͕ϭϵϬͿ Ϯϵϰ͕Ϯϲϭ͕ϮϵϮ
ŚĂŶŐĞƐŝŶŽƚŚĞƌĐƌĞĚŝƚŽƌƐĂŶĚĂĐĐƌƵĂůƐ ϳϱϭ͕ϳϵϲ͕ϳϴϭ ϵϮϰ͕ϬϬϲ͕ϴϭϯ

ϲ͕ϳϳϮ͕Ϯϲϳ͕ϭϭϴ ;Ϯ͕Ϯϲϵ͕ϰϲϰ͕ϭϮϮͿ
/ŶǀĞƐƚŝŶŐĂĐƚŝǀŝƚŝĞƐ
WĂǇŵĞŶƚƐĨŽƌĂĐƋƵŝƐŝƚŝŽŶŽĨƉƌŽƉĞƌƚǇ͕ƉůĂŶƚĂŶĚĞƋƵŝƉŵĞŶƚ ;ϵϭϵ͕ϰϲϳ͕ϴϮϵ͕ϲϭϱͿ ;ϯϴϴ͕Ϭϭϰ͕ϰϲϯ͕ϭϬϱͿ
WƌŽĐĞĞĚƐĨƌŽŵĚŝƐƉŽƐĂůŽĨƉƌŽƉĞƌƚǇ͕ƉůĂŶƚĂŶĚĞƋƵŝƉŵĞŶƚ ϭϲϵ͕ϱϬϭ͕ϲϴϬ
;ϵϭϵ͕Ϯϵϴ͕ϯϮϳ͕ϵϯϱͿ ;ϯϴϴ͕Ϭϭϰ͕ϰϲϯ͕ϭϬϱͿ
&ŝŶĂŶĐŝŶŐĂĐƚŝǀŝƚŝĞƐ
'ƌĂŶƚƐƌĞĐĞŝǀĞĚĨƌŽŵDŝŶŝƐƚƌǇŽĨ&ŝŶĂŶĐĞĂŶĚEĂƚŝŽŶĂůWůĂŶŶŝŶŐ͕ĂŶĚEĂƚŝŽŶĂů ϵϭϵ͕ϰϲϳ͕ϴϮϵ͕ϲϭϱ ϯϴϴ͕Ϭϭϰ͕ϰϲϯ͕ϭϬϲ

ZŽĂĚ&ƵŶĚŐĞŶĐǇ
ϵϭϵ͕ϰϲϳ͕ϴϮϵ͕ϲϭϱ ϯϴϴ͕Ϭϭϰ͕ϰϲϯ͕ϭϬϲ
EĞƚŝŶĐƌĞĂƐĞͬ;ĚĞĐƌĞĂƐĞͿŝŶĐĂƐŚĂŶĚĐĂƐŚĞƋƵŝǀĂůĞŶƚƐ ϲ͕ϵϰϭ͕ϳϲϴ͕ϳϵϴ ;Ϯ͕Ϯϲϵ͕ϰϲϰ͕ϭϮϭͿ

ĂƐŚĂŶĚĐĂƐŚĞƋƵŝǀĂůĞŶƚƐĂƚƚŚĞďĞŐŝŶŶŝŶŐŽĨƚŚĞĨŝŶĂŶĐŝĂůǇĞĂƌ ϳϵϮ͕ϲϯϱ͕ϳϬϵ ϯ͕ϬϲϮ͕Ϭϵϵ͕ϴϯϬ
ĂƐŚĂŶĚĐĂƐŚĞƋƵŝǀĂůĞŶƚƐĂƚƚŚĞĞŶĚŽĨƚŚĞĨŝŶĂŶĐŝĂůǇĞĂƌ ϳ͕ϳϯϰ͕ϰϬϰ͕ϱϬϳ ϳϵϮ͕ϲϯϱ͕ϳϬϵ
ϳ͕ϳϯϰ͕ϰϬϰ͕ϱϬϳ ϳϵϮ͕ϲϯϱ͕ϳϬϵ η

ĐƚƵĂůŵŽǀĞŵĞŶƚ Ϭ
ůŽƐŝŶŐĐĂƐŚ ϳϵϮ͕ϲϯϱ͕ϳϬϵ ηZ&͊
Ϭ ηZ&͊
dŚĞŶŽƚĞƐŽŶƉĂŐĞƐϳƚŽϭϮĨŽƌŵƉĂƌƚŽĨƚŚĞĨŝŶĂŶĐŝĂůƐƚĂƚĞŵĞŶƚƐ
ZKs>KWDEd'Ez ϳ
EKd^dKd,&/EE/>^ddDEd^
ϭ WƌŝŶĐŝƉĂůĐƚŝǀŝƚǇ
dŚĞ ZŽĂĚ ĞǀĞůŽƉŵĞŶƚ ŐĞŶĐǇ ;ZͿ ǁĂƐ ĞƐƚĂďůŝƐŚĞĚ ďǇ ƚŚĞ WƵďůŝĐ ZŽĂĚ Đƚ EŽ͘ϭϮ ŽĨ ϮϬϬϮ͘ Z ŝƐ Ă ƐƚĂƚƵƚŽƌǇ ŽƌŐĂŶŝǌĂƚŝŽŶ ǁŚŽƐĞ
ĨƵŶĐƚŝŽŶ ŝƐ ƚŽ ƉůĂŶ ŵĂŶĂŐĞ ĂŶĚ ĐŽŽƌĚŝŶĂƚĞ ƚŚĞ ƌŽĂĚ ŶĞƚǁŽƌŬ ŝŶ ƚŚĞ ĐŽƵŶƚƌǇ͘ dŚĞ ĂŐĞŶĐǇ ŝƐ ƌĞƐƉŽŶƐŝďůĞ ĨŽƌ ƚŚĞ ƉůĂŶŶŝŶŐ͕ ĐĂƌĞ͕
ŵĂŝŶƚĞŶĂŶĐĞ ĂŶĚ ĐŽŶƐƚƌƵĐƚŝŽŶ ŽĨ ƉƵďůŝĐ ƌŽĂĚƐ ŝŶ ĂŵďŝĂ͘ /ƚ ĂůƐŽ ƌĞŐƵůĂƚĞƐ ƚŚĞ ŵĂǆŝŵƵŵ ƉĞƌŵŝƐƐŝďůĞ ǁĞŝŐŚƚƐ ŽŶ ƌŽĂĚƐ͕ ĐŽŶĚƵĐƚƐ
ƐƚƵĚŝĞƐĨŽƌƚŚĞĚĞǀĞůŽƉŵĞŶƚ͕ŵĂŝŶƚĞŶĂŶĐĞĂŶĚŝŵƉƌŽǀĞŵĞŶƚŽĨƚŚĞƌŽĂĚŶĞƚǁŽƌŬĂŶĚƌĞǀŝĞǁƐĚĞƐŝŐŶƐƚĂŶĚĂƌĚƐĂŶĚĐůĂƐƐŝĨŝĐĂƚŝŽŶ͘
Ϯ ^ƚĂƚĞŵĞŶƚŽĨĐĐŽƵŶƚŝŶŐWŽůŝĐŝĞƐ
Ϯ͘ϭ ĂƐŝƐŽĨWƌĞƉĂƌĂƚŝŽŶ
dŚĞĨŝŶĂŶĐŝĂůƐƚĂƚĞŵĞŶƚƐŚĂǀĞďĞĞŶƉƌĞƉĂƌĞĚŽŶĂŚŝƐƚŽƌŝĐĂůďĂƐŝƐ͕ĂŶĚŝŶĐŽƌƉŽƌĂƚĞƚŚĞĨŽůůŽǁŝŶŐƉƌŝŶĐŝƉĂůĂĐĐŽƵŶƚŝŶŐƉŽůŝĐŝĞƐǁŚŝĐŚ
ŚĂǀĞďĞĞŶĐŽŶƐŝƐƚĞŶƚůǇĂƉƉůŝĞĚ͘
Ϯ͘Ϯ 'ŽŝŶŐĐŽŶĐĞƌŶ
dŚĞŐĞŶĐǇŝƐĚĞƉĞŶĚĞŶƚŽŶ'ŽǀĞƌŶŵĞŶƚĂŶĚŝƚƐĂŐĞŶĐŝĞƐĨŽƌƚŚĞĨƵŶĚŝŶŐŽĨŝƚƐƉƌŽũĞĐƚƐĂŶĚŽƉĞƌĂƚŝŽŶƐ͘dŚĞŝƌĞĐƚŽƌƐďĞůŝĞǀĞƚŚĂƚ
ďĂƐĞĚŽŶƚŚĞZŽĂĚ^ĞĐƚŽƌ/ŶǀĞƐƚŵĞŶƚWƌŽŐƌĂŵ;ZK^/WͿ//Ϳ͕ƚŚĞZŽĂĚĞǀĞůŽƉŵĞŶƚŐĞŶĐǇǁŝůůďĞĂŐŽŝŶŐĐŽŶĐĞƌŶŝŶƚŚĞ
ĨŽƌĞƐĞĞĂďůĞĨƵƚƵƌĞĂŶĚƚŚĂƚƚŚĞŐĞŶĐǇǁŝůůďĞĂďůĞƚŽŵĞĞƚĂůůŝƚƐĚƵĞƐ͘dŚĞƌĞĨŽƌĞ͕ƚŚĞĚŝƌĞĐƚŽƌƐŚĂǀĞĚĞƚĞƌŵŝŶĞĚŝƚĂƉƉƌŽƉƌŝĂƚĞ
ƚŚĂƚƚŚĞĨŝŶĂŶĐŝĂůƐƚĂƚĞŵĞŶƚƐďĞƉƌĞƉĂƌĞĚŽŶŐŽŝŶŐĐŽŶĐĞƌŶďĂƐŝƐ͘
Ϯ͘ϯ WƌŽƉĞƌƚǇ͕ƉůĂŶƚĂŶĚĞƋƵŝƉŵĞŶƚ
ƵŝůĚŝŶŐƐ͕ ĐŽŵƉůĞƚĞĚ ƌŽĂĚƐ ĂŶĚ ĞƋƵŝƉŵĞŶƚ ĂƌĞ ƐƚĂƚĞĚ Ăƚ ŚŝƐƚŽƌŝĐĂů ĐŽƐƚ ůĞƐƐ ĂĐĐƵŵƵůĂƚĞĚ ĚĞƉƌĞĐŝĂƚŝŽŶ͘ ŽƐƚ ŝŶĐůƵĚĞ Ăůů ĐŽƐƚƐ ĚŝƌĞĐƚůǇ
ĂƚƚƌŝďƵƚĂďůĞƚŽďƌŝŶŐŝŶŐƚŚĞĂƐƐĞƚƐƚŽǁŽƌŬŝŶŐĐŽŶĚŝƚŝŽŶĨŽƌƚŚĞŝƌŝŶƚĞŶĚĞĚƵƐĞ͕ĂŶĚŝŶĐůƵĚĞƐƉƌŽĨĞƐƐŝŽŶĂůĨĞĞƐ͘
Ϯ͘ϰ ĂƉŝƚĂůǁŽƌŬŝŶƉƌŽŐƌĞƐƐ
ĂƉŝƚĂů ǁŽƌŬ ŝŶ ƉƌŽŐƌĞƐƐ ŝƐ ŵĞĂƐƵƌĞĚ Ăƚ ĐŽƐƚ ŽĨ ĐŽŶƐƚƌƵĐƚŝŽŶ ǁŚŝĐŚ ŵĂǇ ŝŶĐůƵĚĞ ůĂďŽƵƌ ͕ ŵĂƚĞƌŝĂůƐ ĂŶĚ ŽƚŚĞƌ ĚŝƌĞĐƚ ĐŽƐƚƐ
ĂƚƚƌŝďƵƚĂďůĞ ŝŶ ďƌŝŶŐŝŶŐ ƚŚĞ ĂƐƐĞƚƐ ƚŽ ƉƌĞƐĞŶƚ ĐŽŶĚŝƚŝŽŶ ĨŽƌ ŝŶƚĞŶĚĞĚ ƵƐĞ͘ ĂƉŝƚĂů ǁŽƌŬ ŝŶ ƉƌŽŐƌĞƐƐ ŝƐ ƌĞĂĚǇ ĨŽƌ ŝŶƚĞŶĚĞĚ ƵƐĞ ǁŚĞŶ
ŚĂŶĚ ŽǀĞƌ ĐĞƌƚŝĨŝĐĂƚĞ ŝƐ ŝƐƐƵĞĚ͘ ƚ ƚŚĞ ƚŝŵĞ ŽĨ ŚĂŶĚŽǀĞƌ ͕ ƚŚĞ ĐĂƉŝƚĂů ǁŽƌŬ ŝŶ ƉƌŽŐƌĞƐƐ ŝƐ ĐĂƉŝƚĂůŝƐĞĚ ŝŶ ĂƉƉƌŽƉƌŝĂƚĞ ĐĂƚĞŐŽƌŝĞƐ ŽĨ
ƉƌŽƉĞƌƚǇ͕ƉůĂŶƚĂŶĚĞƋƵŝƉŵĞŶƚ͘EŽĚĞƉƌĞĐŝĂƚŝŽŶŝƐƉƌŽǀŝĚĞĚŽŶĐĂƉŝƚĂůǁŽƌŬŝŶƉƌŽŐƌĞƐƐ
Ϯ͘ϱ ĞƉƌĞĐŝĂƚŝŽŶ
ĞƉƌĞĐŝĂƚŝŽŶŝƐĐĂůĐƵůĂƚĞĚŽŶƚŚĞƐƚƌĂŝŐŚƚͲůŝŶĞŵĞƚŚŽĚƚŽǁƌŝƚĞŽĨĨƚŚĞĐŽƐƚŽĨĞĂĐŚĂƐƐĞƚŽǀĞƌŝƚƐĞƐƚŝŵĂƚĞĚ
ƵƐĞĨƵůůŝĨĞĂƐĨŽůůŽǁƐ͗

>ĂŶĚĂŶĚďƵŝůĚŝŶŐƐ Ϯй Ϯ
DŽƚŽƌǀĞŚŝĐůĞƐ ϮϬй Ϯϱ
&ƵƌŶŝƚƵƌĞĂŶĚĨŝƚƚŝŶŐƐ ϮϬй Ϯϱ
KĨĨŝĐĞĞƋƵŝƉŵĞŶƚ
ŝŶĐůƵĚŝŶŐĐŽŵƉƵƚĞƌƐ ϯϯ͘ϯϯй ϯϯ͘ϯϯ
WůĂŶƚĂŶĚŵĂĐŚŝŶĞƌǇ ϴ͘ϯй ϴй

DĂŝŶƚĞŶĂŶĐĞŽĨƚŚĞĞǆŝƐƚŝŶŐƌŽĂĚƐŝŶǀŽůǀŝŶŐƉĞƌĨŽƌŵŝŶŐǁŽƌŬƐƌĞƋƵŝƌĞĚƚŽĂƌƌĞƐƚƚŚĞĚĞƚĞƌŝŽƌĂƚŝŽŶŽĨƌŽĂĚƐŽŶĂĐŽŶƚŝŶƵŽƵƐĂďĂƐŝƐ
ŝƐƌĞŐĂƌĚĞĚĂƐƌŽƵƚŝŶĞŵĂŝŶƚĞŶĂŶĐĞĂŶĚŝƐĞǆƉĞŶƐĞĚŝŶƚŚĞǇĞĂƌƚŚĞǁŽƌŬƐĂƌĞĐĂƌƌŝĞĚŽƵƚ͘
KƚŚĞƌǁŽƌŬƐĂŝŵĞĚĂƚŶĞǁƌŽĂĚƐ͕ĞǆƉĂŶĚŝŶŐƚŚĞƌŽĂĚĐĂƉĂĐŝƚǇ͕ƉƌŽǀŝĚĞƐƚƌŽŶŐĞƌƐƵƌĨĂĐĞĂŶĚƚŽƐŝŐŶŝĨŝĐĂŶƚůǇĐŚĂŶŐĞƚŚĞ
ĐŚĂƌĂĐƚĞƌŝƐƚŝĐƐŽĨƚŚĞƌŽĂĚƐŝƐĐĂƉŝƚĂůŝǌĞĚĂŶĚĚĞƉƌĞĐŝĂƚĞĚŽŶƚŚĞĨŽůůŽǁŝŶŐďĂƐŝƐ
WĂǀĞĚ 'ƌĂǀĞů ĂƌƚŚ
WĞƌŝŽĚŝĐŵĂŝŶƚĞŶĂŶĐĞ ϮϬй ϯϯ͘ϯϯй ϭϬϬй
ZĞŚĂďŝůŝƚĂƚŝŽŶ ϭϬй ϮϬй ϭϬϬй
ŽŶƐƚƌƵĐƚŝŽŶ ϱй ϭϬй Ϯϱй
ZKs>KWDEd'Ez ϴ
Ϯ͘ϲ ^ƚŽĐŬƐ
/ŶǀĞŶƚŽƌŝĞƐ ĂŶĚ ǁŽƌŬ ŝŶ ƉƌŽŐƌĞƐƐ ĂƌĞ ǀĂůƵĞĚ Ăƚ ƚŚĞ ůŽǁĞƌ ŽĨ ĐŽƐƚ͕ ĚĞƚĞƌŵŝŶĞĚ ŽŶ Ă ĨŝƌƐƚͲŝŶ͕ ĨŝƌƐƚͲŽƵƚ ďĂƐŝƐ͕ ĂŶĚ ŶĞƚ ƌĞĂůŝƐĂďůĞ ǀĂůƵĞ͘
ŽƐƚŝŶĐůƵĚĞƐƐƵƉƉůŝĞƌΖƐŝŶǀŽŝĐĞĐŽƐƚĂŶĚƚŚĞŝŶĐŝĚĞŶƚĂůĐŽƐƚƚŽďƌŝŶŐƚŚĞŝŶǀĞŶƚŽƌŝĞƐƚŽƚŚĞŝƌƉƌĞƐĞŶƚůŽĐĂƚŝŽŶĂŶĚĐŽŶĚŝƚŝŽŶ͘
Ϯ͘ϳ &ŽƌĞŝŐŶĐƵƌƌĞŶĐŝĞƐ
ĂůĂŶĐĞƐ ŝŶ ĨŽƌĞŝŐŶ ĐƵƌƌĞŶĐŝĞƐ ŚĂǀĞ ďĞĞŶ ƚƌĂŶƐůĂƚĞĚ ŝŶƚŽ ĂŵďŝĂŶ <ǁĂĐŚĂ ĐƵƌƌĞŶĐǇ Ăƚ ƚŚĞ ƚƌĂŶƐĂĐƚŝŽŶ ƌĂƚĞƐ ŽĨ ĞǆĐŚĂŶŐĞ ƌƵůŝŶŐ Ăƚ ƚŚĞ
ďĂůĂŶĐĞ ƐŚĞĞƚ ĚĂƚĞ͘ dƌĂŶƐĂĐƚŝŽŶƐ ĚƵƌŝŶŐ ƚŚĞ ǇĞĂƌ ĂƌĞ ƚƌĂŶƐůĂƚĞĚ Ăƚ ƚŚĞ ƚƌĂŶƐĂĐƚŝŽŶ ƌĂƚĞƐ ƌƵůŝŶŐ Ăƚ ƚŚĞ ƌĞůĞǀĂŶƚ ĚĂƚĞƐ͘ ǆĐŚĂŶŐĞ
ĚŝĨĨĞƌĞŶĐĞƐĂƌŝƐŝŶŐĨƌŽŵƚƌĂŶƐůĂƚŝŽŶĂƌĞŝŶĐůƵĚĞĚŝŶŽƉĞƌĂƚŝŶŐŝŶĐŽŵĞ
Ϯ͘ϴ ĂƐŚĂŶĚĐĂƐŚĞƋƵŝǀĂůĞŶƚƐ
ĂƐŚ ĂŶĚ ĐĂƐŚ ĞƋƵŝǀĂůĞŶƚƐ ĂƌĞ ĐĂƌƌŝĞĚ ŝŶ ƚŚĞ ďĂůĂŶĐĞ ƐŚĞĞƚ Ăƚ ĐŽƐƚ͘ &Žƌ ƚŚĞ ƉƵƌƉŽƐĞƐ ŽĨ ƚŚĞ ĐĂƐŚ ĨůŽǁ ƐƚĂƚĞŵĞŶƚ͕ ĐĂƐŚ ĂŶĚ ĐĂƐŚ
ĞƋƵŝǀĂůĞŶƚƐ ĐŽŵƉƌŝƐĞ ĐĂƐŚ ŽŶ ŚĂŶĚ͕ ĚĞƉŽƐŝƚƐ ŚĞůĚ Ăƚ ĐĂůů ǁŝƚŚ ďĂŶŬƐ͕ ŽƚŚĞƌ ƐŚŽƌƚͲƚĞƌŵ ŚŝŐŚůǇ ůŝƋƵŝĚ ŝŶǀĞƐƚŵĞŶƚƐ ǁŝƚŚ ŽƌŝŐŝŶĂů
ŵĂƚƵƌŝƚŝĞƐ ŽĨ ƚŚƌĞĞ ŵŽŶƚŚƐ Žƌ ůĞƐƐ͕ ĂŶĚ ďĂŶŬ ŽǀĞƌĚƌĂĨƚƐ ĂƌĞ ŝŶĐůƵĚĞĚ ǁŝƚŚŝŶ ƐŚŽƌƚ ƚĞƌŵ ůŽĂŶƐ ŝŶ ĐƵƌƌĞŶƚ ůŝĂďŝůŝƚŝĞƐ ŽŶ ƚŚĞ ďĂůĂŶĐĞ
ƐŚĞĞƚ͘
Ϯ͘ϵ WĞŶƐŝŽŶKďůŝŐĂƚŝŽŶƐ
dŚĞ ŐĞŶĐǇΖƐ ĐŽŶƚƌŝďƵƚĞƐ ƚŽ ƚŚĞ EĂƚŝŽŶĂů WĞŶƐŝŽŶ ^ĐŚĞŵĞ ƵƚŚŽƌŝƚǇ Ăƚ Ă ƌĂƚĞ ŽĨ ϱй ŽĨ ƉĞŶƐŝŽŶĂďůĞ ĞĂƌŶŝŶŐƐ ĂŶĚ ĞŵƉůŽǇĞĞƐ ĂůƐŽ
ĐŽŶƚƌŝďƵƚĞϱйŽĨƉĞŶƐŝŽŶĂďůĞĞĂƌŶŝŶŐƐ
Ϯ͘ϭϬ ^ƚĂĨĨďĞŶĞĨŝƚƐ
WƌŽǀŝƐŝŽŶƐ ĂƌĞ ƌĞĐŽŐŶŝƐĞĚ ǁŚĞŶ ƚŚĞ ŐĞŶĐǇ ŚĂƐ Ă ƉƌĞƐĞŶƚ ůĞŐĂů Žƌ ĐŽŶƐƚƌƵĐƚŝǀĞ ŽďůŝŐĂƚŝŽŶ ĂƐ Ă ƌĞƐƵůƚ ŽĨ ƉĂƐƚ ĞǀĞŶƚƐ ǁŚĞŶ ŝƚ ŝƐ
ƉƌŽďĂďůĞ ƚŚĂƚ ĂŶ ŽƵƚĨůŽǁ ŽĨ ƌĞƐŽƵƌĐĞƐ ĞŵďŽĚǇŝŶŐ ĞĐŽŶŽŵŝĐ ďĞŶĞĨŝƚƐ ǁŝůů ďĞ ƌĞƋƵŝƌĞĚ ƚŽ ƐĞƚƚůĞ ƚŚĞ ŽďůŝŐĂƚŝŽŶ͕ ĂŶĚ Ă ƌĞůŝĂďůĞ
ĞƐƚŝŵĂƚĞŽĨƚŚĞĂŵŽƵŶƚŽĨƚŚĞŽďůŝŐĂƚŝŽŶĐĂŶďĞŵĂĚĞ͘
ŵƉůŽǇĞĞĞŶƚŝƚůĞŵĞŶƚƐƚŽĂŶŶƵĂůůĞĂǀĞĂƌĞƌĞĐŽŐŶŝƐĞĚǁŚĞŶƚŚĞǇĂĐĐƌƵĞƚŽĞŵƉůŽǇĞĞƐ͘ƉƌŽǀŝƐŝŽŶŝƐŵĂĚĞĨŽƌƚŚĞĞƐƚŝŵĂƚĞĚ
ůŝĂďŝůŝƚǇĨŽƌĂŶŶƵĂůůĞĂǀĞĂƐĂƌĞƐƵůƚŽĨƐĞƌǀŝĐĞƐƌĞŶĚĞƌĞĚďǇĞŵƉůŽǇĞĞƐƵƉƚŽƚŚĞďĂůĂŶĐĞƐŚĞĞƚĚĂƚĞ͘
ŶƚŝƚůĞŵĞŶƚƐ ƚŽ ŐƌĂƚƵŝƚŝĞƐ ĂƌĞ ƌĞĐŽŐŶŝƐĞĚ ǁŚĞŶ ƚŚĞǇ ĂĐĐƌƵĞ ƚŽ ĞŵƉůŽǇĞĞƐ͘ ƉƌŽǀŝƐŝŽŶ ŝƐ ŵĂĚĞ ĨŽƌ ƚŚĞ ĞƐƚŝŵĂƚĞĚ ůŝĂďŝůŝƚǇ ĨŽƌ
ĂĐĐƌƵĞĚ ŐƌĂƚƵŝƚŝĞƐ ĂƐ Ă ƌĞƐƵůƚ ŽĨ ƐĞƌǀŝĐĞƐ ƌĞŶĚĞƌĞĚ ďǇ ĞŵƉůŽǇĞĞƐ ƵƉ ƚŽ ƚŚĞ ďĂůĂŶĐĞ ƐŚĞĞƚ ĚĂƚĞ ͕ ďĂƐĞĚ ŽŶ ƌĂƚĞƐ ĂŐƌĞĞĚ ŝŶ ƚŚĞ
ĐŽŶƚƌĂĐƚŽĨĞŵƉůŽǇŵĞŶƚ͘
Ϯ͘ϭϭ 'ŽǀĞƌŶŵĞŶƚŐƌĂŶƚƐ
'ŽǀĞƌŶŵĞŶƚ ŐƌĂŶƚƐ ĂƌĞ ŶŽƚ ƌĞĐŽŐŶŝƐĞĚ ƵŶƚŝů ƚŚĞƌĞ ŝƐ ƌĞĂƐŽŶĂďůĞ ĂƐƐƵƌĂŶĐĞ ƚŚĂƚ ƚŚĞ ŐĞŶĐǇ ǁŝůů ĐŽŵƉůǇ ǁŝƚŚ ƚŚĞ ĐŽŶĚŝƚŝŽŶƐ ĂƚƚĂĐŚŝŶŐ
ƚŽƚŚĞŵĂŶĚƚŚĂƚƚŚĞŐƌĂŶƚƐǁŝůůďĞƌĞĐĞŝǀĞĚ͘
'ŽǀĞƌŶŵĞŶƚ ŐƌĂŶƚƐ ǁŚŽƐĞ ƉƌŝŵĂƌǇ ĐŽŶĚŝƚŝŽŶ ŝƐ ƚŚĂƚ ƚŚĞ ŐĞŶĐǇ ƐŚŽƵůĚ ƉƵƌĐŚĂƐĞ͕ ĐŽŶƐƚƌƵĐƚ Žƌ ŽƚŚĞƌǁŝƐĞ ĂĐƋƵŝƌĞ ŶŽŶͲĐƵƌƌĞŶƚ ĂƐƐĞƚƐ
ƐƵĐŚ ƌŽĂĚƐ ͕ ďƌŝĚŐĞƐ ͕ ƉŽŶƚŽŽŶ ĂƌĞ ƌĞĐŽŐŶŝƐĞĚ ĂƐ ĚĞĨĞƌƌĞĚ ŝŶĐŽŵĞ ŝŶ ƚŚĞ ďĂůĂŶĐĞ ƐŚĞĞƚ ĂŶĚ ĂŵŽƌƚŝƐĞĚ ƚŽ ƚŚĞ ŝŶĐŽŵĞ ƐƚĂƚĞŵĞŶƚ ŽŶ Ă
ƐǇƐƚĞŵĂƚŝĐĂŶĚƌĂƚŝŽŶĂůďĂƐŝƐŽǀĞƌƚŚĞƵƐĞĨƵůůŝǀĞƐŽĨƚŚĞƌĞůĂƚĞĚĂƐƐĞƚƐ͘
KƚŚĞƌ ŐŽǀĞƌŶŵĞŶƚ ŐƌĂŶƚƐ ĂƌĞ ƌĞĐŽŐŶŝƐĞĚ ĂƐ ŝŶĐŽŵĞ ŽǀĞƌ ƚŚĞ ƉĞƌŝŽĚƐ ŶĞĐĞƐƐĂƌǇ ƚŽ ŵĂƚĐŚ ƚŚĞŵ ǁŝƚŚ ƚŚĞ ĐŽƐƚƐ ĨŽƌ ǁŚŝĐŚ ƚŚĞǇ ĂƌĞ
ŝŶƚĞŶĚĞĚ ƚŽ ĐŽŵƉĞŶƐĂƚĞ͕ ŽŶ Ă ƐǇƐƚĞŵĂƚŝĐ ďĂƐŝƐ͘ 'ŽǀĞƌŶŵĞŶƚ ŐƌĂŶƚƐ ƚŚĂƚ ĂƌĞ ƌĞĐĞŝǀĂďůĞ ĂƐ ĐŽŵƉĞŶƐĂƚŝŽŶ ĨŽƌ ĞǆƉĞŶƐĞƐ Žƌ ůŽƐƐĞƐ
ĂůƌĞĂĚǇ ŝŶĐƵƌƌĞĚ Žƌ ĨŽƌ ƚŚĞ ƉƵƌƉŽƐĞ ŽĨ ŐŝǀŝŶŐ ŝŵŵĞĚŝĂƚĞ ĨŝŶĂŶĐŝĂů ƐƵƉƉŽƌƚ ƚŽ ƚŚĞ ŐĞŶĐǇ ǁŝƚŚ ŶŽ ĨƵƚƵƌĞ ƌĞůĂƚĞĚ ĐŽƐƚƐ ĂƌĞ ƌĞĐŽŐŶŝƐĞĚ
ŝŶƉƌŽĨŝƚŽƌůŽƐƐŝŶƚŚĞƉĞƌŝŽĚŝŶǁŚŝĐŚƚŚĞǇďĞĐŽŵĞƌĞĐĞŝǀĂďůĞ͘
ZKs>KWDEd'Ez ϵ
ϯ WƌŽƉĞƌƚǇ͕ƉůĂŶƚĂŶĚĞƋƵŝƉŵĞŶƚ
ZŽĂĚƐ WŽŶƚŽŽŶƐĂŶĚƌŝĚŐĞƐ >ĂŶĚĂŶĚ tĞŝŐŚ DŽƚŽƌsĞŚŝĐůĞƐ WůĂŶƚĂŶĚDĂĐŚŝŶĞƌǇ ŽŵƉƵƚĞƌƐǇƐƚĞŵƐ &ƵƌŶŝƚƵƌĞĂŶĚ dKd>

ƵŝůĚŝŶŐƐ ďƌŝĚŐĞƐ ĂŶĚKĨĨŝĐĞ &ŝƚƚŝŶŐƐ
ƋƵŝƉŵĞŶƚ
ŽƐƚ͘sĂůƵĂƚŝŽŶ
KƉĞŶŝŶŐďĂůĂŶĐĞϭ͘ϭ͘ϮϬϬϳ ϯϭϯ͕Ϭϵϲ͕ϬϮϱ͕ϬϬϬ ϱϴϬ͕ϬϬϬ͕ϬϬϬ ϴ͕ϱϮϭ͕ϴϬϬ͕ϬϬϬ ϯϴϴ͕ϳϬϬ͕ϬϬϬ ϭϭ͕ϯϵϲ͕ϱϴϴ͕ϭϵϲ ϭϱ͕ϱϵϳ͕ϬϮϲ͕ϬϬϬ ϭ͕ϰϬϰ͕ϬϬϮ͕ϲϰϯ ϴϴϴ͕ϱϰϰ͕ϰϲϱ ϯϱϭ͕ϴϳϮ͕ϲϴϲ͕ϯϬϱ
ĚĚŝƚŝŽŶƐ Ͳ Ͳ Ͳ Ͳ ϰ͕Ϭϰϵ͕ϳϬϵ͕ϴϳϰ ϴϱ͕ϲϰϰ͕Ϭϲϭ ϴϭϵ͕Ϯϯϰ͕Ϯϵϳ ϴϲ͕ϵϳϵ͕ϵϴϮ
ϱ͕Ϭϰϭ͕ϱϲϴ͕Ϯϭϱ
ĂƉŝƚĂůŝƐĂƚŝŽŶ ϳϲ͕ϬϬϴ͕ϴϰϵ͕ϲϮϯ Ͳ Ͳ Ͳ Ͳ Ͳ Ͳ Ͳ ϳϲ͕ϬϬϴ͕ϴϰϵ͕ϲϮϯ
ůŽƐŝŶŐďĂůĂŶĐĞϯϭ͘ϭϮ͘ϮϬϬϳ ϯϴϵ͕ϭϬϰ͕ϴϳϰ͕ϲϮϯ ϱϴϬ͕ϬϬϬ͕ϬϬϬ ϴ͕ϱϮϭ͕ϴϬϬ͕ϬϬϬ ϯϴϴ͕ϳϬϬ͕ϬϬϬ ϭϱ͕ϰϰϲ͕Ϯϵϴ͕ϬϳϬ ϭϱ͕ϲϴϮ͕ϲϳϬ͕Ϭϲϭ Ϯ͕ϮϮϯ͕Ϯϯϲ͕ϵϰϬ ϵϳϱ͕ϱϮϰ͕ϰϰϴ ϰϯϮ͕ϵϮϯ͕ϭϬϰ͕ϭϰϯ
KƉĞŶŝŶŐďĂůĂŶĐĞϭ͘ϭ͘ϮϬϬϴ ϯϴϵ͕ϭϬϰ͕ϴϳϰ͕ϲϮϯ ϱϴϬ͕ϬϬϬ͕ϬϬϬ ϴ͕ϱϮϭ͕ϴϬϬ͕ϬϬϬ ϯϴϴ͕ϳϬϬ͕ϬϬϬ ϭϱ͕ϰϰϲ͕Ϯϵϴ͕ϬϳϬ ϭϱ͕ϲϴϮ͕ϲϳϬ͕Ϭϲϭ Ϯ͕ϮϮϯ͕Ϯϯϲ͕ϵϰϬ ϵϳϱ͕ϱϮϰ͕ϰϰϴ ϰϯϮ͕ϵϮϯ͕ϭϬϰ͕ϭϰϯ
ĚĚŝƚŝŽŶƐ Ͳ Ͳ Ͳ Ͳ Ϯ͕ϯϴϯ͕ϭϯϭ͕ϰϵϱ ϭϯ͕ϰϯϭ͕ϲϭϭ ϵϲϴ͕ϱϮϬ͕ϲϯϱ ϭϯϳ͕ϰϯϴ͕ϱϯϱ ϯ͕ϱϬϮ͕ϱϮϮ͕Ϯϳϲ
ĂƉŝƚĂůŝƐĂƚŝŽŶ ϯϰϲ͕ϬϮϲ͕ϱϮϯ͕ϯϱϴ ϲϵ͕ϰϰϬ͕ϲϮϰ͕ϲϬϲ Ͳ Ͳ Ͳ Ͳ Ͳ Ͳ ϰϭϱ͕ϰϲϳ͕ϭϰϳ͕ϵϲϰ
ŝƐƉŽƐĂů Ͳ Ͳ Ͳ Ͳ ;ϭϴϴ͕ϯϱϱ͕ϮϬϬͿ Ͳ Ͳ Ͳ ;ϭϴϴ͕ϯϱϱ͕ϮϬϬͿ
ůŽƐŝŶŐďĂůĂŶĐĞϯϭ͘ϭϮ͘ϮϬϬϴ ϳϯϱ͕ϭϯϭ͕ϯϵϳ͕ϵϴϭ ϳϬ͕ϬϮϬ͕ϲϮϰ͕ϲϬϲ ϴ͕ϱϮϭ͕ϴϬϬ͕ϬϬϬ ϯϴϴ͕ϳϬϬ͕ϬϬϬ ϭϳ͕ϲϰϭ͕Ϭϳϰ͕ϯϲϱ ϭϱ͕ϲϵϲ͕ϭϬϭ͕ϲϳϮ ϯ͕ϭϵϭ͕ϳϱϳ͕ϱϳϱ ϭ͕ϭϭϮ͕ϵϲϮ͕ϵϴϯ ϴϱϭ͕ϳϬϰ͕ϰϭϵ͕ϭϴϮ
ĐĐƵŵƵůĂƚĞĚĚĞƉƌĞĐŝĂƚŝŽŶ
KƉĞŶŝŶŐĂůĂŶĐĞϭ͘ϭ͘ϮϬϬϳ ϯϭ͕ϯϬϵ͕ϲϬϮ͕ϳϱϬ Ϯϵ͕ϬϬϬ͕ϬϬϬ ϭϳϬ͕ϰϯϲ͕ϬϬϬ ϭϵ͕ϰϯϱ͕ϬϬϬ Ϯ͕ϯϰϵ͕Ϯϵϱ͕ϰϯϵ ϯ͕ϴϵϵ͕Ϯϱϲ͕ϱϬϬ ϴϭϵ͕ϵϯϲ͕ϳϬϬ ϭϰϭ͕ϵϴϵ͕ϭϳϬ ϯϴ͕ϳϯϴ͕ϵϱϭ͕ϱϱϵ
ŚĂƌŐĞĨŽƌƚŚĞǇĞĂƌ Ϯϯ͕ϰϯϰ͕ϬϯϮ͕Ϭϵϭ Ϯϵ͕ϬϬϬ͕ϬϬϬ ϭϳϬ͕ϰϯϲ͕ϬϬϬ ϭϵ͕ϰϯϱ͕ϬϬϬ ϯ͕Ϭϴϵ͕Ϯϱϵ͕ϲϭϰ ϭ͕ϯϬϲ͕ϯϲϲ͕ϰϭϲ ϳϰϭ͕ϬϬϰ͕ϴϳϮ ϭϵϱ͕ϭϬϰ͕ϴϵϬ Ϯϴ͕ϵϴϰ͕ϲϯϴ͕ϴϴϮ
ŝƐƉŽƐĂůƐ Ͳ
ůŽƐŝŶŐďĂůĂŶĐĞϯϭ͘ϭϮ͘ϮϬϬϳ ϱϰ͕ϳϰϯ͕ϲϯϰ͕ϴϰϭ ϱϴ͕ϬϬϬ͕ϬϬϬ ϯϰϬ͕ϴϳϮ͕ϬϬϬ ϯϴ͕ϴϳϬ͕ϬϬϬ ϱ͕ϰϯϴ͕ϱϱϱ͕Ϭϱϯ ϱ͕ϮϬϱ͕ϲϮϮ͕ϵϭϲ ϭ͕ϱϲϬ͕ϵϰϭ͕ϱϳϮ ϯϯϳ͕Ϭϵϰ͕Ϭϱϵ ϲϳ͕ϳϮϯ͕ϱϵϬ͕ϰϰϭ
KƉĞŶŝŶŐďĂůĂŶĐĞϭ͘ϭ͘ϮϬϬϴ ϱϰ͕ϳϰϯ͕ϲϯϰ͕ϴϰϭ ϱϴ͕ϬϬϬ͕ϬϬϬ ϯϰϬ͕ϴϳϮ͕ϬϬϬ ϯϴ͕ϴϳϬ͕ϬϬϬ ϱ͕ϰϯϴ͕ϱϱϱ͕Ϭϱϯ ϱ͕ϮϬϱ͕ϲϮϮ͕ϵϭϲ ϭ͕ϱϲϬ͕ϵϰϭ͕ϱϳϮ ϯϯϳ͕Ϭϵϰ͕Ϭϱϵ ϲϳ͕ϳϮϯ͕ϱϵϬ͕ϰϰϭ
ŚĂƌŐĞĨŽƌƚŚĞǇĞĂƌ ϴϰ͕ϱϭϬ͕ϰϳϴ͕ϲϵϯ ϱ͕ϱϱϰ͕ϯϱϳ͕ϳϲϵ ϭϳϬ͕ϰϯϲ͕ϬϬϬ ϭϵ͕ϰϯϱ͕ϬϬϬ ϯ͕ϱϭϲ͕ϯϵϯ͕ϴϮϱ ϭ͕ϯϬϮ͕ϳϳϲ͕ϰϯϴ ϭ͕ϬϬϳ͕ϵϵϬ͕ϲϲϵ ϮϮϮ͕ϱϵϮ͕ϱϵϲ ϵϲ͕ϯϬϰ͕ϰϲϬ͕ϵϵϬ
ZĞǀĞƌƐĞĚŽŶĚŝƐƉŽƐĂů Ͳ
tƌŝƚĞďĂĐŬŽŶĚŝƐƉŽƐĂů Ͳ Ͳ Ͳ Ͳ ;ϯϳ͕ϲϳϭ͕ϬϰϬͿ Ͳ Ͳ Ͳ ;ϯϳ͕ϲϳϭ͕ϬϰϬͿ
ůŽƐŝŶŐďĂůĂŶĐĞϯϭ͘ϭϮ͘ϮϬϬϴ ϭϯϵ͕Ϯϱϰ͕ϭϭϯ͕ϱϯϰ ϱ͕ϲϭϮ͕ϯϱϳ͕ϳϲϵ ϱϭϭ͕ϯϬϴ͕ϬϬϬ ϱϴ͕ϯϬϱ͕ϬϬϬ ϴ͕ϵϭϳ͕Ϯϳϳ͕ϴϯϴ ϲ͕ϱϬϴ͕ϯϵϵ͕ϯϱϰ Ϯ͕ϱϲϴ͕ϵϯϮ͕Ϯϰϭ ϱϱϵ͕ϲϴϲ͕ϲϱϱ ϭϲϯ͕ϵϵϬ͕ϯϴϬ͕ϯϵϭ
EĞƚŽŽŬsĂůƵĞĂƚϯϭ͘ϭϮ͘ϮϬϬϴ ϱϵϱ͕ϴϳϳ͕Ϯϴϰ͕ϰϰϳ ϲϰ͕ϰϬϴ͕Ϯϲϲ͕ϴϯϳ ϴ͕ϬϭϬ͕ϰϵϮ͕ϬϬϬ ϯϯϬ͕ϯϵϱ͕ϬϬϬ ϴ͕ϳϮϯ͕ϳϵϲ͕ϱϮϳ ϵ͕ϭϴϳ͕ϳϬϮ͕ϯϭϴ ϲϮϮ͕ϴϮϱ͕ϯϯϰ ϱϱϯ͕Ϯϳϲ͕ϯϮϴ ϲϴϳ͕ϳϭϰ͕Ϭϯϴ͕ϳϵϭ
EĞƚŽŽŬsĂůƵĞĂƚϯϭ͘ϭϮ͘ϮϬϬϳ ϯϯϰ͕ϯϲϭ͕Ϯϯϵ͕ϳϴϮ ϱϮϮ͕ϬϬϬ͕ϬϬϬ ϴ͕ϭϴϬ͕ϵϮϴ͕ϬϬϬ ϯϰϵ͕ϴϯϬ͕ϬϬϬ ϭϬ͕ϬϬϳ͕ϳϰϯ͕Ϭϭϳ ϭϬ͕ϰϳϳ͕Ϭϰϳ͕ϭϰϱ ϲϲϮ͕Ϯϵϱ͕ϯϲϴ ϲϯϴ͕ϰϯϬ͕ϯϴϵ ϯϲϱ͕ϭϵϵ͕ϱϭϯ͕ϳϬϭ
ŶƵŵďĞƌŽĨƚŚĞŝƚĞŵƐŽĨƉƌŽƉĞƌƚǇ͕ƉůĂŶƚĂŶĚĞƋƵŝƉŵĞŶƚǁĞƌĞŝŶŚĞƌŝƚĞĚĨƌŽŵƚŚĞƚŚĞŶZŽĂĚƐĞƉĂƌƚŵĞŶƚƐĂƚĂŶŝŶŝƚŝĂůǀĂůƵĂƚŝŽŶĚĞƚĞƌŵŝŶĞĚďǇǀĂůƵĂƚŝŽŶƐƵƌǀĞǇŽƌƐĨƌŽŵ'ŽǀĞƌŶŵĞŶƚŝŶϮϬϬϲ͘dŚĞƌĞŚĂƐŶŽƚďĞĞŶƐƵďƐĞƋƵĞŶƚŵĞĂƐƵƌĞŵĞŶƚƚŽĞŶƐƵƌĞ
ƚŚĂƚƚŚĞĐĂƌƌǇŝŶŐĂŵŽƵŶƚƐŽĨƚŚĞĂƐƐĞƚĚŽŶŽƚĚŝĨĨĞƌŵĂƚĞƌŝĂůůǇĨƌŽŵƚŚĞŝƌĨĂŝƌǀĂůƵĞƐĂƚƚŚĞďĂůĂŶĐĞƐŚĞĞƚĚĂƚĞ͘
ZKs>KWDEd'Ez ϭϬ
ϰ ĂƉŝƚĂůtŽƌŬ/ŶWƌŽŐƌĞƐƐ
ZŽĂĚƐ WŽŶƚŽŽŶƐĂŶĚƌŝĚŐĞƐ >ĂŶĚĂŶĚ dKd>

ƵŝůĚŝŶŐƐ
ŽƐƚͬsĂůƵĂƚŝŽŶ
KƉĞŶŝŶŐďĂůĂŶĐĞϭ͘ϭ͘ϮϬϬϳ ϲϲϮ͕Ϯϵϵ͕ϴϭϴ͕ϱϴϲ Ϯϳ͕ϳϵϯ͕ϵϲϭ͕ϲϮϴ Ϯϴϴ͕ϰϵϴ͕ϲϬϲ ϲϵϬ͕ϯϴϮ͕Ϯϳϴ͕ϴϮϬ
WƌŝŽƌǇĞĂƌĂĚũƵƐƚŵĞŶƚ ϰϭϯ͕Ϯϰϲ͕ϳϴϲ Ͳ Ͳ ϰϭϯ͕Ϯϰϲ͕ϳϴϲ
ZĞƐƚĂƚĞĚďĂůĂŶĐĞ ϲϲϮ͕ϳϭϯ͕Ϭϲϱ͕ϯϳϮ Ϯϳ͕ϳϵϯ͕ϵϲϭ͕ϲϮϴ Ϯϴϴ͕ϰϵϴ͕ϲϬϲ ϲϵϬ͕ϳϵϱ͕ϱϮϱ͕ϲϬϲ
ĚĚŝƚŝŽŶƐ ϯϱϳ͕ϵϬϰ͕ϵϯϱ͕ϰϯϵ Ϯϰ͕ϴϯϬ͕ϱϰϵ͕ϰϳϭ Ϯϯϳ͕ϰϬϵ͕ϵϴϬ ϯϴϮ͕ϵϳϮ͕ϴϵϰ͕ϴϵϬ
ĂƉŝƚĂůŝƐĂƚŝŽŶ ;ϳϲ͕ϬϬϴ͕ϴϰϵ͕ϲϮϯͿ Ͳ Ͳ ;ϳϲ͕ϬϬϴ͕ϴϰϵ͕ϲϮϯͿ
ůŽƐŝŶŐďĂůĂŶĐĞϯϭ͘ϭϮ͘ϮϬϬϳ ϵϰϰ͕ϲϬϵ͕ϭϱϭ͕ϭϴϴ ϱϮ͕ϲϮϰ͕ϱϭϭ͕Ϭϵϵ ϱϮϱ͕ϵϬϴ͕ϱϴϲ ϵϵϳ͕ϳϱϵ͕ϱϳϬ͕ϴϳϯ
KƉĞŶŝŶŐďĂůĂŶĐĞϭ͘ϭ͘ϮϬϬϴ ϵϰϰ͕ϲϬϵ͕ϭϱϭ͕ϭϴϴ ϱϮ͕ϲϮϰ͕ϱϭϭ͕Ϭϵϵ ϱϮϱ͕ϵϬϴ͕ϱϴϲ ϵϵϳ͕ϳϱϵ͕ϱϳϬ͕ϴϳϯ

WƌŝŽƌǇĞĂƌĂĚũƵƐƚŵĞŶƚ ϲϲ͕ϳϰϭ͕ϯϰϳ͕ϯϭϲ Ϯ͕ϳϴϮ͕ϲϳϴ͕ϯϰϲ ϲϵ͕ϱϮϰ͕ϬϮϱ͕ϲϲϮ
ZĞƐƚĂƚĞĚďĂůĂŶĐĞ ϭ͕Ϭϭϭ͕ϯϱϬ͕ϰϵϴ͕ϱϬϰ ϱϱ͕ϰϬϳ͕ϭϴϵ͕ϰϰϱ ϱϮϱ͕ϵϬϴ͕ϱϴϲ ϭ͕Ϭϲϳ͕Ϯϴϯ͕ϱϵϲ͕ϱϯϱ
ĚĚŝƚŝŽŶƐ ϳϬϭ͕ϴϰϰ͕ϯϱϯ͕Ϭϱϯ Ϯϭϭ͕ϱϵϱ͕ϲϭϭ͕ϮϮϲ Ϯ͕ϱϮϱ͕ϯϰϯ͕Ϭϲϭ ϵϭϱ͕ϵϲϱ͕ϯϬϳ͕ϯϰϬ
ĂƉŝƚĂůŝƐĂƚŝŽŶ ;ϯϰϲ͕ϬϮϲ͕ϱϮϯ͕ϯϱϴͿ ;ϲϵ͕ϰϰϬ͕ϲϮϰ͕ϲϬϲͿ ;ϰϭϱ͕ϰϲϳ͕ϭϰϳ͕ϵϲϰͿ
ůŽƐŝŶŐďĂůĂŶĐĞϯϭ͘ϭϮ͘ϮϬϬϴ ϭ͕ϯϲϳ͕ϭϲϴ͕ϯϮϴ͕ϭϵϵ ϭϵϳ͕ϱϲϮ͕ϭϳϲ͕Ϭϲϱ ϯ͕Ϭϱϭ͕Ϯϱϭ͕ϲϰϳ ϭ͕ϱϲϳ͕ϳϴϭ͕ϳϱϱ͕ϵϭϭ
EŽĚĞƉƌĞĐŝĂƚŝŽŶŝƐĐŚĂƌŐĞĚŽŶƚŚĞĐĂƉŝƚĂůǁŽƌŬŝŶƉƌŽŐƌĞƐƐ
dŚĞƉƌŝŽƌǇĞĂƌĂĚũƵƐƚŵĞŶƚƌĞůĂƚĞƐƚŽĂĚũƵƐƚŵĞŶƚƐŶĞĐĞƐƐĂƌǇƚŽĞŶƐƵƌĞƚŚĂƚƉĂǇŵĞŶƚĐĞƌƚŝĨŝĐĂƚĞƐŽŵŝƚƚĞĚŝŶƚŚĞďŽŽŬƐŽĨƚŚĞZŽĂĚ
ĞǀĞůŽƉŵĞŶƚŐĞŶĐǇŝŶƉƌŝŽƌǇĞĂƌƐĂƌĞďƌŽƵŐŚƚŝŶƚŽƚŚĞĂĐĐŽƵŶƚƚŽĞŶƐƵƌĞƚŚĂƚĐĂƌƌǇŝŶŐǀĂůƵĞŽĨǁŽƌŬƐŝƐĨĂŝƌůǇƉƌĞƐĞŶƚĞĚ͘
ϮϬϬϴ ϮϬϬϳ
< <
ϱ ^ƚŽĐŬ ϭϳϵ͕ϵϮϬ͕ϱϳϬ ϰϭϵ͕Ϭϲϱ͕ϰϯϱ
ϲ ĞďƚŽƌƐĂŶĚƉƌĞƉĂǇŵĞŶƚƐ
ŵŽƵŶƚƐƌĞĐĞŝǀĂďůĞĨƌŽŵͲDŝŶŝƐƚƌǇŽĨtŽƌŬƐĂŶĚ^ƵƉƉůǇ Ϯ͕ϯϴϴ͕ϰϴϳ͕ϲϴϭ Ϯ͕ϴϰϵ͕ϯϭϯ͕ϵϴϵ

ŵŽƵŶƚƐƌĞĐĞŝǀĂďůĞĨƌŽŵƚŚĞEĂƚŝŽŶĂůZŽĂĚ&ƵŶĚŐĞŶĐǇĂŶĚŽƚŚĞƌƌĞĐĞŝǀĂďůĞƐ ϮϬϬ͕ϱϳϲ͕Ϯϲϱ͕ϴϮϲ ϯϮϵ͕ϴϭϴ͕ϬϳϮ͕ϯϵϮ
ůĞƐƐƉƌŽǀŝƐŝŽŶĨŽƌĚŽƵďƚĨƵůƌĞĐŽǀĞƌǇ ;ϭϯ͕ϭϬϭ͕ϰϮϱ͕ϲϮϲͿ Ͳ
ϭϴϵ͕ϴϲϯ͕ϯϮϳ͕ϴϴϭ ϯϯϮ͕ϲϲϳ͕ϯϴϲ͕ϯϴϭ
ϳ ĚǀĂŶĐĞƐƚŽĐŽŶƚƌĂĐƚŽƌƐĂŶĚƐƵƉƉůŝĞƌƐ
ŵŽƵŶƚƐĂĚǀĂŶĐĞĚƚŽƌŽĂĚĐŽŶƚƌĂĐƚŽƌƐĂŶĚĐŽŶƐƵůƚĂŶƚƐ ϯϱ͕ϳϲϰ͕ϵϭϵ͕ϯϱϵ ϯϳ͕ϬϰϮ͕ϲϭϭ͕ϵϯϬ

ůĞƐƐƉƌŽǀŝƐŝŽŶĨŽƌĚŽƵďƚĨƵůƌĞĐŽǀĞƌǇ ;ϰ͕ϭϳϭ͕ϵϲϱ͕ϵϴϰͿ Ͳ
ϯϭ͕ϱϵϮ͕ϵϱϯ͕ϯϳϱ ϯϳ͕ϬϰϮ͕ϲϭϭ͕ϵϯϬ
^ƵƉƉůŝĞƌƐ ϯϴ͕ϱϱϳ͕ϬϬϬ ϭϴ͕ϳϬϭ͕ϬϬϬ
ϯϭ͕ϲϯϭ͕ϱϭϬ͕ϯϳϱ ϯϳ͕Ϭϲϭ͕ϯϭϮ͕ϵϯϬ
ϴ ^ƚĂĨĨĂĚǀĂŶĐĞƐĂŶĚŝŵƉƌĞƐƚƐ
ĚǀĂŶĐĞƐͲWƌŽũĞĐƚƐƚĂĨĨ Ͳ ϯϱ͕ϱϲϬ͕Ϯϰϱ

DŝĚĚůĞDĂŶĂŐĞŵĞŶƚ^ƚĂĨĨ>ŽĂŶƐ͕ĂŶĚĚǀĂŶĐĞƐ Ͳ Ͳ
WƌŽũĞĐƚͲ^ƉĞĐŝĂů/ŵƉƌĞƐƚ ϯϭϰ͕ϯϱϬ͕Ϭϱϲ ϲϳϬ͕ϳϲϮ͕ϲϬϬ
^ĂůĂƌǇĚǀĂŶĐĞƐ ϭϯϲ͕ϵϭϰ͕ϱϲϳ ϰϵ͕ϭϰϴ͕Ϭϲϳ
^ĞŶŝŽƌ^ƚĂĨĨ>ŽĂŶƐ͕ĂŶĚĚǀĂŶĐĞƐ Ͳ Ͳ
^ƉĞĐŝĂů/ŵƉƌĞƐƚ ϭ͕Ϭϱϱ͕ϳϲϲ͕ϱϲϬ ϭ͕ϭϭϲ͕ϱϯϳ͕ϵϱϯ
^ƉŽŶƐŽƌĞĚŵƉůŽǇĞĞƐ ϮϬϲ͕ϭϵϳ͕ϳϰϮ Ϯϱϭ͕ϯϮϴ͕ϬϬϮ
ϭ͕ϳϭϯ͕ϮϮϴ͕ϵϮϱ Ϯ͕ϭϮϯ͕ϯϯϲ͕ϴϲϳ
ZKs>KWDEd'Ez ϭϭ
EKd^dKd,&/EE/>^ddDEd^ ϮϬϬϴ ϮϬϬϳ
< <
ϵ ĂƐŚĂŶĚĂƐŚĞƋƵŝǀĂůĞŶƚƐ
ĂƐŚĂƚŚĂŶĚ ϭϮϰ͕ϳϵϬ͕ϯϭϲ ϭϱ͕ϴϰϵ͕ϭϬϬ
ĂƐŚĂƚĂŶŬ
/Es^dZh^d ϲϬϵ͕ϯϵϰ͕ϳϵϯ ϭϭ͕ϵϲϱ͕ϭϵϴ
EK ϳ͕ϬϬϬ͕Ϯϭϵ͕ϯϵϴ ϳϲϰ͕ϴϮϭ͕ϰϭϭ
ϳ͕ϲϬϵ͕ϲϭϰ͕ϭϵϭ ϳϳϲ͕ϳϴϲ͕ϲϬϵ
ϳ͕ϳϯϰ͕ϰϬϰ͕ϱϬϳ ϳϵϮ͕ϲϯϱ͕ϳϬϵ
ϭϬ >ŽŶŐƚĞƌŵĂŵŽƵŶƚƐƉĂǇĂďůĞƚŽĐŽŶƚƌĂĐƚŽƌƐ
ŵŽƵŶƚƐƉĂǇĂďůĞƚŽĐŽŶƚƌĂĐƚŽƌƐ ϭϮϱ͕ϮϴϬ͕ϭϴϵ͕ϰϳϴ ϭϮϰ͕ϰϵϰ͕ϮϳϮ͕Ϭϭϭ

ĐĐƌƵĞĚŝŶƚĞƌĞƐƚŽŶĐŽŶƚƌĂĐƚƐ ϭϲ͕ϵϴϳ͕ϵϲϭ͕ϭϵϳ ϳϭ͕Ϭϱϲ͕ϱϵϳ͕Ϯϰϭ
ϭϰϮ͕Ϯϲϴ͕ϭϱϬ͕ϲϳϱ ϭϵϱ͕ϱϱϬ͕ϴϲϵ͕ϮϱϮ
dŚĞĂŵŽƵŶƚƌĞƉƌĞƐĞŶƚŽďůŝŐĂƚŝŽŶƐƚŽĐŽŶƚƌĂĐƚŽƌƐĂŶĚĐŽŶƐƵůƚĂŶƚƐĨŽƌǁŽƌŬĚŽŶĞƉƌŝŽƌƚŚĞĐƌĞĂƚŝŽŶŽĨƚŚĞZŽĂĚĞǀĞůŽƉŵĞŶƚ
ŐĞŶĐǇ͘dŚĞŽďůŝŐĂƚŝŽŶƐĂƌĞůŝƋƵŝĚĂƚĞĚƉĞƌŝŽĚŝĐĂůůǇďǇƚŚĞDŝŶŝƐƚƌǇŽĨ&ŝŶĂŶĐĞĂŶĚEĂƚŝŽŶĂůWůĂŶŶŝŶŐǁŚŽŵĂŬĞƉĂǇŵĞŶƚƐĚŝƌĞĐƚůǇƚŽ
ƚŚĞĐŽŶƚƌĂĐƚŽƌƐĂŶĚĐŽŶƐƵůƚĂŶƚƐ͘
ϭϭ ^ƚĂĨĨůŝĂďŝůŝƚŝĞƐ
^ĂůĂƌŝĞƐĂŶĚǁĂŐĞƐƉĂǇĂďůĞ ϳϯ͕ϭϬϮ͕ϯϳϴ ϳϰ͕ϳϵϰ͕ϭϳϴ

^ƚĂĨĨ>ĞĂǀĞ ϯ͕ϯϲϵ͕ϭϰϰ͕ϬϬϬ ϭ͕ϴϵϱ͕ϳϭϮ͕ϬϬϬ
^ƚĂĨĨ'ƌĂƚƵŝƚŝĞƐ ϱ͕ϭϲϱ͕ϭϲϴ͕ϭϲϰ Ϯ͕ϴϲϵ͕ϲϬϬ͕ϬϬϬ
ϴ͕ϲϬϳ͕ϰϭϰ͕ϱϰϮ ϰ͕ϴϰϬ͕ϭϬϲ͕ϭϳϴ
ϭϮ ^ƚĂƚƵƚŽƌǇ>ŝĂďŝůŝƚŝĞƐ
WĞƌƐŽŶĂů>ĞǀǇ Ͳ ϱϭϬ͕ϬϬϬ

EW^ ϭϯϲ͕ϭϱϲ͕ϰϮϲ ϭϮϴ͕ϵϬϯ͕ϳϵϮ
Wz ϰϱϰ͕ϯϳϰ͕ϬϮϯ ϰϵϬ͕Ϯϰϳ͕ϴϰϳ
ϱϵϬ͕ϱϯϬ͕ϰϰϵ ϲϭϵ͕ϲϲϭ͕ϲϯϵ
ϭϯ ^ŚŽƌƚƚĞƌŵĂŵŽƵŶƚƐƉĂǇĂďůĞƚŽĐŽŶƚƌĂĐƚŽƌƐ
ŵŽƵŶƚƉĂǇĂďůĞƚŽĐŽŶƚƌĂĐƚŽƌƐ Ϯϯϱ͕ϴϱϴ͕ϱϬϱ͕ϭϴϬ ϯϳϴ͕ϱϳϵ͕ϵϭϬ͕ϭϭϰ
ϭϰ KƚŚĞƌĐƌĞĚŝƚŽƌƐĂŶĚĂĐĐƌƵĂůƐ
KƚŚĞƌĐƌĞĚŝƚŽƌƐ ϯ͕Ϯϴϵ͕ϰϯϭ͕ϵϴϭ Ϯ͕ϰϲϭ͕ϬϬϱ͕ϯϭϭ

ĐĐƌƵĂůƐ ϭϱϴ͕ϰϯϮ͕ϳϱϯ Ϯϯϱ͕ϬϲϮ͕ϲϰϮ
ϯ͕ϰϰϳ͕ϴϲϰ͕ϳϯϰ Ϯ͕ϲϵϲ͕Ϭϲϳ͕ϵϱϯ
ZKs>KWDEd'Ez ϭϮ
ϭϱ ŶĂůǇƐŝƐŽĨĐĂƐŚĂŶĚĐĂƐŚĞƋƵŝǀĂůĞŶƚƐ
ƚƚŚĞĞŶĚŽĨƚŚĞǇĞĂƌ ƚƚŚĞďĞŐŝŶŶŝŶŐŽĨ ŚĂŶŐĞƐŝŶĐĂƐŚĂŶĚĐĂƐŚ
ƚŚĞǇĞĂƌ ĞƋƵŝǀĂůĞŶƚƐ
ĂƐƚŚĂŶĚ ϭϮϰ͕ϳϵϬ͕ϯϭϲ ϭϱ͕ϴϰϵ͕ϭϬϬ ϭϬϴ͕ϵϰϭ͕Ϯϭϲ
ĂƐŚĂƚďĂŶŬ ϳ͕ϲϬϵ͕ϲϭϰ͕ϭϵϭ ϳϳϲ͕ϳϴϲ͕ϲϬϵ ϲ͕ϴϯϮ͕ϴϮϳ͕ϱϴϮ
ϳ͕ϳϯϰ͕ϰϬϰ͕ϱϬϳ ϳϵϮ͕ϲϯϱ͕ϳϬϵ ϲ͕ϵϰϭ͕ϳϲϴ͕ϳϵϴ
ϭϲ ŽŵŵŝƚŵĞŶƚƐ
ĂƉŝƚĂůǆƉĞŶĚŝƚƵƌĞƐŽŶƚƌĂĐƚĞĚ
ƐĂƚϯϭĞĐĞŵďĞƌϮϬϬϴ͕ƚŚĞŐĞŶĐǇŚĂĚĞŶƚĞƌĞĚŝŶƚŽĂŶƵŵďĞƌŽĨĐŽŶƚƌĂĐƚƐ͘ƵĞƚŽƚŚĞĂĐĐŽƵŶƚŝŶŐĂƌƌĂŶŐĞŵĞŶƚƐƚŚĂƚĂƌĞŝŶ
ƉůĂĐĞ͕ŵĂŶĂŐĞŵĞŶƚŝƐŶŽƚĂďůĞƚŽĞĂƐŝůǇĚĞƚĞƌŵŝŶĞƚŚĞƚŽƚĂůǀĂůƵĞŽĨƚŚĞĐĂƉŝƚĂůĐŽŵŵŝƚŵĞŶƚƐŵĂĚĞ͘
dŚĞŐĞŶĐǇŝƐĐĞƌƚĂŝŶƚŚĂƚĂůůƐƵĐŚĐŽŵŵŝƚŵĞŶƚƐǁŝůůďĞĨƵůůǇĨŝŶĂŶĐĞĚĨƌŽŵ'ŽǀĞƌŶŵĞŶƚŐƌĂŶƚƐƚŚƌŽƵŐŚƚŚĞEĂƚŝŽŶĂůZŽĂĚ&ƵŶĚ
ĂŶĚĨƌŽŵĐŽŽƉĞƌĂƚŝŶŐƉĂƌƚŶĞƌƐ͘
ϭϳ dĂǆĂƚŝŽŶ
dŚĞŐĞŶĐǇŝƐĞǆĞŵƉƚĨƌŽŵƚŚĞƉƌŽǀŝƐŝŽŶƐŽĨƚŚĞ/ŶĐŽŵĞdĂǆĐƚ͘
ϭϴ ŽŵƉĂƌĂƚŝǀĞĨŝŐƵƌĞƐ
tŚĞƌĞŶĞĐĞƐƐĂƌǇ͕ĨŝŐƵƌĞƐĨŽƌƚŚĞƉƌĞǀŝŽƵƐǇĞĂƌŚĂǀĞďĞĞŶƌĞƐƚĂƚĞĚƚŽĂĨĨŽƌĚĞĂƐǇĐŽŵƉĂƌŝƐŽŶǁŝƚŚĐƵƌƌĞŶƚǇĞĂƌĨŝŐƵƌĞƐ͘dŚĞ
ƌĞƐƚĂƚĞŵĞŶƚĂƌŝƐĞĨƌŽŵƚŚĞĨŽůůŽǁŝŶŐ͗
WƌŝŽƌǇĞĂƌĂĚũƵƐƚŵĞŶƚ
dŚĞƉƌŝŽƌǇĞĂƌĂĚũƵƐƚŵĞŶƚƌĞůĂƚĞƐƚŽĂĚũƵƐƚŵĞŶƚƐŶĞĐĞƐƐĂƌǇƚŽĞŶƐƵƌĞƚŚĂƚƉĂǇŵĞŶƚĐĞƌƚŝĨŝĐĂƚĞƐŽŵŝƚƚĞĚŝŶƚŚĞďŽŽŬƐŽĨƚŚĞZŽĂĚ
ĞǀĞůŽƉŵĞŶƚŐĞŶĐǇŝŶƉƌŝŽƌǇĞĂƌƐĂƌĞďƌŽƵŐŚƚŝŶƚŽƚŚĞĂĐĐŽƵŶƚƚŽĞŶƐƵƌĞƚŚĂƚĐĂƌƌǇŝŶŐǀĂůƵĞŽĨǁŽƌŬƐŝƐĨĂŝƌůǇƉƌĞƐĞŶƚĞĚ͘
ϭϵ &ŝŶĂŶĐŝĂůƌŝƐŬŵĂŶĂŐĞŵĞŶƚ
/ŶƚĞƌĞƐƚƌĂƚĞƌŝƐŬ
dŚĞŐĞŶĐǇΖƐĞǆƉŽƐƵƌĞƚŽŝŶƚĞƌĞƐƚƌĂƚĞƌŝƐŬŝƐůŝŵŝƚĞĚĂƐƚŚĞŐĞŶĐǇĚŽĞƐŶŽƚĐĂƌƌǇĂŶǇŝŶƚĞƌĞƐƚͲďĞĂƌŝŶŐĨŝŶĂŶĐŝĂůĂƐƐĞƚƐŽƌ
ůŝĂďŝůŝƚŝĞƐŐ͕ƐĂǀĞĨŽƌďĂŶŬĚĞƉŽƐŝƚƐ͘
ƌĞĚŝƚƌŝƐŬ
WŽƚĞŶƚŝĂů ĐŽŶĐĞŶƚƌĂƚŝŽŶƐ ŽĨ ĐƌĞĚŝƚ ƌŝƐŬ ĐŽŶƐŝƐƚ ŵĂŝŶůǇ ŽĨ ĐĂƐŚ ĂŶĚ ĐĂƐŚ ĞƋƵŝǀĂůĞŶƚƐ͕ ĂŶĚ ƌĞĐĞŝǀĂďůĞƐ͘ dŚĞ ZŽĂĚ ĞǀĞůŽƉŵĞŶƚ ŐĞŶĐǇ
ůŝŵŝƚƐŝƚƐĐŽƵŶƚĞƌƉĂƌƚǇĞǆƉŽƐƵƌĞƐĨƌŽŵŝƚƐĐĂƐŚĚĞƉŽƐŝƚƐďǇŽŶůǇĚĞĂůŝŶŐǁŝƚŚǁĞůůĞƐƚĂďůŝƐŚĞĚďĂŶŬƐ͘
dŚĞ ŐĞŶĐǇ ŚĂƐ Ă ƉŽůŝĐǇ ŽĨ ŵĂŶĂŐŝŶŐ ĐƌĞĚŝƚ ĞǆƉŽƐƵƌĞ ƚŽ ĐŽŶƚƌĂĐƚŽƌƐ ĂŶĚ ĐŽŶƐƵůƚĂŶƚƐ ďǇ ŽďƚĂŝŶŝŶŐ ďŽŶĚƐ ĂŶĚ ďĂŶŬ ŐƵĂƌĂŶƚĞĞƐ ĨƌŽŵ
ǁĞůůĞƐƚĂďůŝƐŚĞĚĨŝŶĂŶĐŝĂůŝŶƐƚŝƚƵƚŝŽŶƐ͘
>ŝƋƵŝĚŝƚǇƌŝƐŬ
>ŝƋƵŝĚŝƚǇ ƌŝƐŬ ĂƌŝƐĞƐ ƉƌŝŵĂƌŝůǇ ĨƌŽŵ ĂŶ ƵŶĐĞƌƚĂŝŶƚǇ ŝŶ ĨƵŶĚŝŶŐ ĂŶĚ ĞǆƉĞŶĚŝƚƵƌĞ ĨůŽǁƐ͘dŚĞ ŐĞŶĐǇ ŵĂŶĂŐĞƐ ůŝƋƵŝĚŝƚǇ ƌŝƐŬ ƚŚƌŽƵŐŚ ƚŚĞ
ĐŽŵƉŝůĂƚŝŽŶ ĂŶĚ ŵŽŶŝƚŽƌŝŶŐ ŽĨ ĐĂƐŚ ĨůŽǁ ĨŽƌĞĐĂƐƚƐ͘ dŚĞ ŐĞŶĐǇ ŵŽŶŝƚŽƌƐ ĂŶĚ ĐŽŶƚƌŽůƐ ŝƚƐ ĞǆƉĞŶĚŝƚƵƌĞƐ ƚŽ ĞŶƐƵƌĞ ƚŚĂƚ ƚŚĞǇ ĂƌĞ
ǁŝƚŚŝŶďƵĚŐĞƚ͘
dŚĞ ĨƵŶĚŝŶŐ ĨŽƌ ǁŽƌŬƐ ŝƐ ĚŽŶĞ ƚŚƌŽƵŐŚ ƚŚĞ ZŽĂĚ &ƵŶĚ ŵĂŶĂŐĞĚ ďǇ ƚŚĞ EĂƚŝŽŶĂů ZŽĂĚ &ƵŶĚ ŐĞŶĐǇ͕ ǁŚŝĐŚ ďǇ ŝƚƐ ĐƌĞĂƚŝŽŶ ĐŽůůĞĐƚƐ
ĂŶĚ ŵĂŝŶƚĂŝŶƐ Ă ƐĂƚŝƐĨĂĐƚŽƌǇ ůĞǀĞů ŽĨ ĐĂƐŚ ĂŶĚ ĐĂƐŚ ĞƋƵŝǀĂůĞŶƚƐ ƚŽ ŵĞĞƚ ƚŚĞ ĨƵŶĚŝŶŐ ƌĞƋƵŝƌĞŵĞŶƚƐ ŽĨ Ăůů ǁŽƌŬƐ ŝŶĐůƵĚĞĚ ŝŶ ƚŚĞ ĂŶŶƵĂů
ǁŽƌŬƉůĂŶ͘
ZKs>KWDEd'Ez ϮϬϬϴ ϮϬϬϳ
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ƉƉĞŶĚŝǆ/Ͳ/ŶĐŽŵĞ
'ƌĂŶƚ/ŶĐŽŵĞ
WƌŽũĞĐƚ'ƌĂŶƚƐ&ƌŽŵEĂƚŝŽŶĂůZŽĂĚ&ƵŶĚĂŶĚ'ŽǀĞƌŶŵĞŶƚ ϭϬϯ͕ϰϳϳ͕ϱϰϮ͕ϱϮϱ ϱϳ͕Ϭϱϱ͕ϴϲϵ͕ϵϮϱ

ZĞǀĞŶƵĞ'ƌĂŶƚƐ&ƌŽŵ'ŽǀĞƌŶŵĞŶƚ Ϯϵ͕Ϯϰϲ͕ϯϯϬ͕ϯϲϭ Ϯϲ͕ϭϮϱ͕ϴϯϳ͕ϳϰϭ
ŵŽƌƚŝƐĂƚŝŽŶŽĨĐĂƉŝƚĂůŐƌĂŶƚ Ͳ ϰ͕ϳϲϮ͕ϭϯϲ ϵϲ͕ϯϬϵ͕ϮϮϯ͕ϭϮϲ Ϯϴ͕ϵϴϰ͕ϲϯϴ͕ϴϴϮ
ϮϮϵ͕Ϭϯϯ͕Ϭϵϲ͕ϬϭϮ ϭϭϮ͕ϭϲϲ͕ϯϰϲ͕ϱϰϵ
^ĞƌǀŝĐĞƐĂŶĚĐŚĂƌŐĞƐ
ďŶŽƌŵĂů>ŽĂĚ&ĞĞƐ ϭ͕ϮϮϰ͕ϭϵϮ͕ϳϳϴ ϰϵϰ͕Ϯϵϱ͕ϵϯϯ

ďƐĐŽŶĚŵĞŶƚ ϭϬϯ͕ϰϵϱ͕ϱϳϭ ϯϰ͕ϭϰϮ͕ϴϬϬ
ŽŵƉĞŶƐĂƚŝŽŶ ϯ͕ϴϳϮ͕ϵϳϭ͕Ϯϯϴ Ϯ͕ϳϵϱ͕ϲϳϳ͕ϯϴϯ
ƋƵŝƉŵĞŶƚ,ŝƌĞ ϭϭϰ͕ϲϰϭ͕ϬϬϬ Ϯϲ͕ϵϮϬ͕ϬϬϬ
ZŽĂĚ/ŶĨƌŝŶŐĞŵĞŶƚŚĂƌŐĞƐ ϭϮ͕ϱϬϬ͕ϬϬϬ Ϯϭ͕ϬϮϮ͕ϱϬϬ
ZŽǇĂůƚŝĞƐ ϱϰϭ͕ϴϯϴ͕ϭϯϭ ϱϭϯ͕ϰϱϲ͕Ϭϴϰ
^ŽŝůdĞƐƚŝŶŐŶĂůǇƐŝƐͲ&ĞĞƐ ϵϭ͕ϳϵϭ͕ϬϰϬ ϱϭ͕ϵϴϯ͕ϭϬϬ
dĞŶĚĞƌŽĐƵŵĞŶƚ^ĂůĞƐ ϭϴϮ͕ϴϱϯ͕ϱϵϬ ϭ͕ϭϲϰ͕ϳϱϬ͕ϴϭϯ
tĞŝŐŚďƌŝĚŐĞ&ŝŶĞƐ ϳ͕ϮϮϴ͕ϭϴϴ͕ϲϰϮ ϳ͕ϬϯϮ͕ϴϮϳ͕Ϯϴϲ
^ƵƉĞƌǀŝƐŝŽŶŝŶĐŽŵĞ ϭ͕Ϯϯϭ͕ϰϮϰ͕ϵϯϭ Ͳ
ŝůůŽĂƌĚƐ ϰϱ͕ϰϮϬ͕ϬϬϬ Ͳ
ZĞŶƚĂůŝŶĐŽŵĞ ϲϲ͕ϱϴϲ͕ϬϬϬ Ͳ
WƌŝǀĂƚĞWƵďůŝĐWĂƌƚŶĞƌƐŚŝƉ ϭϭϴ͕ϮϲϮ͕Ϭϵϱ Ͳ
/ŶƐƉĞĐƚŝŽŶĨĞĞƐ ϴϱ͕ϱϳϱ͕ϬϬϬ Ͳ
ϭϰ͕ϵϭϵ͕ϳϰϬ͕Ϭϭϲ ϭϮ͕ϭϯϱ͕Ϭϳϱ͕ϴϵϵ
KƚŚĞƌŝŶĐŽŵĞ
/ŶƚĞƌĞƐƚ/ŶĐŽŵĞ Ϯ͕ϭϱϱ͕ϰϱϬ Ͳ
&ŽƌĞŝŐŶĞǆĐŚĂŶŐĞĚŝĨĨĞƌĞŶĐĞƐ ϭ͕ϭϰϬ͕Ϯϵϳ͕ϵϯϵ Ͳ
WƌŽĨŝƚŽŶĚŝƐƉŽƐĂůŽĨƉƌŽƉĞƌƚǇ͕ƉůĂŶƚĂŶĚĞƋƵŝƉŵĞŶƚ ϭϴ͕ϴϭϳ͕ϱϮϬ Ͳ
ϭ͕ϭϲϭ͕ϮϳϬ͕ϵϬϵ Ͳ
dŽƚĂů/ŶĐŽŵĞ Ϯϰϱ͕ϭϭϰ͕ϭϬϲ͕ϵϯϳ ϭϮϰ͕ϯϬϭ͕ϰϮϮ͕ϰϰϴ

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ƉƉĞŶĚŝǆ//ͲĚŵŝŶŝƐƚƌĂƚŝǀĞŽƐƚƐ
ĞĐŽƌĂƚŝŽŶƐ ϰϴϬ͕ϬϬϬ

ĐĐŽŵŵŽĚĂƚŝŽŶΘDĞĂůƐ ϰϯϴ͕ϲϲϯ͕ϮϵϬ ϲϭϭ͕Ϭϭϲ͕ϱϬϳ
ĚǀĞƌƚŝƐŝŶŐ ϱϭ͕ϰϳϵ͕ϱϬϰ ϵϵϰ͕Ϯϭϴ͕ϰϳϰ
ŝƌdŝĐŬĞƚ ϵϵ͕ϭϴϰ͕ϲϭϲ ϯϳϯ͕ϳϲϯ͕ϰϯϭ
ƐƐĞƚsĂůƵĂƚŝŽŶŽƐƚ ϴϴ͕ϰϱϱ͕ϬϭϮ ϴϯ͕ϴϮϳ͕ϳϯϬ
ƐƐŽƌƚĞĚdŽŝůĞƚƌŝĞƐͬŽŶƐƵŵĂďůĞƐ Ϯϭ͕ϬϬϴ͕ϭϲϬ ϯϲ͕ϭϳϳ͕ϬϬϴ
ƵĚŝƚ&ĞĞƐ ϱϯ͕ϬϬϬ͕ϬϬϬ Ͳ
ĂŶŬŚĂƌŐĞƐ ϲϵ͕ϭϵϳ͕ϲϲϵ ϭϬϲ͕ϳϮϳ͕ϱϬϬ
ŽĂƌĚǆƉĞŶƐĞƐ ϱϮϬ͕Ϯϳϰ͕ϴϵϱ ϰϲϭ͕Ϯϵϯ͕ϰϯϬ
ŝǀŝůDĂŝŶƚĞŶĂŶĐĞ͘ ϭϬϬ͕ϬϮϰ͕ϵϰϴ ϯϬϬ͕ϳϴϵ͕ϰϱϭ
ůĞĂŶŝŶŐDĂƚĞƌŝĂůƐĂŶĚdŽŝůĞƚƌŝĞƐ ϲϯ͕ϯϱϱ͕ϬϬϵ ϴϳ͕ϭϭϯ͕ϭϬϴ
ůĞĂƌĂŶĐĞ&ĞĞƐ Ͳ Ͳ
ŽŵƉƵƚĞƌǆƉĞŶƐĞƐ ϰϳϱ͕ϭϮϵ͕ϱϰϲ ϯϲϰ͕ϬϳϬ͕ϳϵϯ
ŽŶĨĞƌĞŶĐĞ&ĂĐŝůŝƚŝĞƐĂŶĚǀĞŶƚƐ ϴϵ͕ϵϳϳ͕ϲϯϰ ϴ͕ϴϱϱ͕ϬϬϬ
ŽŶƐƵůƚĂŶĐǇ ϵϭ͕ϴϲϬ͕ϬϬϬ
ƵƐƚŽŵƐƵƚǇ ϭ͕ϮϭϮ͕ϬϬϬ Ͳ
ĞƉĂƌƚƵƌĞ&ĞĞƐ Ͳ ϰϮϱ͕ϬϬϬ
ĞƉƌĞĐŝĂƚŝŽŶ ϵϲ͕ϯϬϰ͕ϰϲϬ͕ϵϵϬ Ϯϴ͕ϵϴϰ͕ϲϯϴ͕ϴϴϯ
ŽŶĂƚŝŽŶ ϲ͕ϳϮϬ͕ϬϬϬ Ͳ
ůĞĐƚƌŝĐŝƚǇ ϭϱϮ͕ϰϯϱ͕ϳϳϰ ϰϲ͕ϭϵϲ͕ϭϰϳ
ƋƵŝƉŵĞŶƚ^ĞƌǀŝĐĞ ϰϮ͕ϴϱϭ͕ϭϴϭ ϭ͕ϭϭϬ͕ϮϬϬ
&ƌĞŝŐŚƚ ϭϯϭ͕ϵϬϬ ϯ͕ϵϮϱ͕ϴϵϱ
'ĞŶĞƌĂů/ŶƐƵƌĂŶĐĞ ϴϬ͕ϰϳϴ͕ϬϬϰ ϱ͕ϯϲϱ͕ϳϱϬ
,ŝǀͬŝĚƐĂŵƉĂŝŐŶ Ͳ ϲϬϬ͕ϬϬϬ
/ĚĞŶƚŝƚǇĂƌĚƐ ϭϱ͕ϯϲϱ͕ϬϬϬ ϭϮϬ͕ϬϬϬ
/ŶƐƵƌĂŶĐĞ ϳϯϴ͕ϯϬϰ͕ϳϰϲ ϭϳ͕ϯϵϬ͕ϲϮϱ
/ŶƚĞƌĞƐƚŽŶůŽŶŐŽƵƚƐƚĂŶĚŝŶŐĐŽŶƚƌĂĐƚŽƌĚĞďƚƐ ϭϲ͕Ϭϳϵ͕ϭϱϰ͕ϳϲϵ ϭϳ͕Ϯϱϰ͕Ϭϴϰ͕Ϯϰϭ
/ŶƚĞƌŶĞƚ^ĞƌǀŝĐĞƐ ϰϳ͕Ϯϳϱ͕ϲϵϱ ϭϯ͕ϵϮϲ͕Ϭϳϴ
>ĂďŽƌĂƚŽƌǇZĞĂŐĞŶƚƐĂŶĚŚĞŵŝĐĂůƐ Ͳ ϱϬϬ͕ϬϬϬ
>ĂďŽƵƌĂǇĞůĞďƌĂƚŝŽŶƐ ϯϬ͕ϭϱϬ͕ϬϬϬ ϰϬ͕ϰϰϬ͕ϬϬϬ
>ĞŐĂů&ĞĞƐͲǆƚĞƌŶĂů Ϯϵ͕ϰϭϯ͕ϬϬϬ ϰϯ͕ϳϮϴ͕ϱϴϱ
>ŝĐĞŶĐĞZĞŶĞǁĂůƐ ϵϯϬ͕ϯϮϬ ϴϮ͕ϱϬϬ
DŽƚŽƌsĞŚŝĐůĞǆƉĞŶƐĞƐ ϯ͕ϳϴϯ͕ϵϲϱ͕ϱϮϱ ϰ͕ϳϱϴ͕ϴϭϱ͕ϴϮϱ
EĞǁƐƉĂƉĞƌƐ ϭϳ͕Ϯϭϱ͕ϬϬϬ Ϯϭ͕ϳϲϬ͕ϰϬϬ
KĨĨŝĐĞĞǀĞƌĂŐĞĂŶĚƌĞĨƌĞƐŚŵĞŶƚƐ ϳϵ͕ϮϴϮ͕ϲϭϰ ϲϮ͕ϰϴϲ͕ϰϲϯ
KƚŚĞƌŽĂƌĚŽƐƚƐ Ϯϵ͕ϲϱϰ͕ϲϲϴ ϱϭ͕ϱϱϯ͕ϵϱϬ
WĂƌŬƐĂŶĚ'ĂƌĚĞŶƐ Ϯ͕ϰϰϬ͕ϬϬϬ ϱϭ͕ϭϭϬ͕ϬϬϬ
WĂƌƚŝĐŝƉĂŶƚ&ĞĞ ϳϮ͕ϱϯϯ͕ϱϱϬ Ϯϯϱ͕ϵϬϯ͕ϭϱϭ
WŚŽƚŽĐŽƉǇŝŶŐ ϲϱϲ͕ϯϵϬ ϰ͕ϱϯϲ͕ϰϱϬ
WŽƐƚĂŐĞ ϭϬ͕ϱϱϱ͕Ϯϴϵ Ϯϴ͕ϱϲϳ͕Ϭϰϲ
WŽƐƚďŽǆZĞŶƚĂůƐ Ϯ͕ϰϲϬ͕ϯϬϬ ϰ͕ϵϬϬ͕ϬϬϬ
WƌŝŶƚŝŶŐͲǆƚĞƌŶĂů ϵϳ͕ϵϱϬ͕ϯϱϴ ϯϳϴ͕ϰϴϯ͕ϭϬϱ
WƌŽĨĞƐƐŝŽŶĂůDĞŵďĞƌƐŚŝƉ ϯϯ͕ϴϲϳ͕ϲϯϬ Ϯϰ͕ϲϴϱ͕ϬϬϬ
WƌŽƚĞĐƚŝǀĞůŽƚŚŝŶŐ ϱϳϲ͕ϬϬϬ ϮϬ͕ϰϬϵ͕ϯϬϬ
WƌŽǀŝƐŝŽŶĨŽƌĚŽƵďƚĨƵůƌĞĐŽǀĞƌǇŽĨƌĞĐĞŝǀĂďůĞƐ ϭϳ͕Ϯϳϯ͕ϯϵϭ͕ϲϭϬ Ͳ
KƚŚĞƌĂĚŵŝŶŝƐƚƌĂƚŝǀĞĞǆƉĞŶƐĞƐ ƉƉĞŶĚŝǆ/// Ϯϴ͕ϳϱϴ͕ϱϴϱ͕ϭϭϮ Ϯϱ͕ϱϭϲ͕ϳϵϮ͕ϲϭϵ
ϭϲϱ͕ϴϱϯ͕ϲϮϳ͕ϳϬϳ ϴϭ͕ϬϬϬ͕ϴϲϵ͕ϲϰϱ
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ƉƉĞŶĚŝǆ///ͲKƚŚĞƌĚŵŝŶŝƐƚƌĂƚŝǀĞǆƉĞŶƐĞƐ
ZĂĚŝŽΘdsWƌŽŐƌĂŵŵĞƐ ϮϬ͕ϮϮϴ͕ϱϴϰ ϰϮ͕ϳϵϵ͕ϴϮϬ

ZĞĐƌƵŝƚŵĞŶƚŽƐƚ ϭϯ͕ϵϬϬ͕ϬϬϬ Ϯϵϳ͕ϭϮϬ͕ϬϬϬ
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sŝƐĂ&ĞĞƐ ϭ͕ϬϬϬ͕ϬϬϬ Ϯ͕ϰϳϴ͕ϳϲϬ
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ĂŵďŝĂEĂƚŝŽŶĂů^ĞƌǀŝĐĞtĞŝŐŚƌŝĚŐĞKƉĞƌĂƚŝŽŶƐ ϲϵϳ͕ϲϭϬ͕ϬϬϬ
Ϯϴ͕ϳϱϴ͕ϱϴϱ͕ϭϭϮ Ϯϱ͕ϱϭϲ͕ϳϵϮ͕ϲϭϵ

RDA Annual Report 2008

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RDA Annual Report 2008

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VISION, MISSION, VALUES ................................................................... vi

ACC Anti Corruption Commission

To become the most efficient Road Agency in Sub-Saharan Africa.

Values and Principles

Honest and integrity

Mr. Walusiku Lisulo

Road Sector Investment Programme

Road Development Agency Activities

Review of the 2008 AWP

There were a total of 31 Upgrading and Rehabilitation contracts, 57 Periodic

A total of 13 bridges, including the Levy Patrick Mwanawasa, Chisanzu, Mutinondo,

1.2 Structure of the Report

2.1 Steering Committee Meetings

2.2 World Bank and Joint Donor Missions

3.1 Composition of the Board of Directors

Private Sector Directors

1. Mr.Walusiku Lisulo is a private member appointed by the Minister;

Public Sector Directors

Mr. Walusiku Lisulo

Mrs. Anne M. Sitali

Dr. Dennis Wachinga Mr. Julius K. Lungu

Mr. Fredrick S. Mtamira Mr. Martin Chongo Mr. Aggrey Musamba

Mr. Erasmus Chilundika Mr. Rapheal Mabenga Mr.Fredrick Mwalusaka

Mr. Walusiku Lisulo

Mrs. Anne M. Sitali

Lt. Col. Bizwayo N. Nkunika

Figure 3-1 Administrative and Finance Committee members

3.1.2 Technical Committee

Mr. Julius K. Lungu

Dr. Dennis Wanchinga Mr. Imataa M. Akayombokwa

Mr. Fredrick S. Mtamira Ms. Justina C. Wake Mr. Erasmus Chilundika

Figure 3-2 Technical Committee members

• Annual Report for 2007;

Mr. Aggrrey Musamba no Chungu

Figure 3-3 Audit Committee

During thee year 2008,, the Comm

ernal Audit Report on the procure

Figure 3-4 COMI on RMI members

Mrs. Mukuku Zimba (Chairperson)

Figure 3-5 COPS on RMI members

To strategically plan, design, construct, operate, rehabilitate and maintain Zambia’s

4.1 RDA Structure and Appointments

The Agency comprises of 4 directorates:

4.2 Regional Offices

4.3 Local Road Authorities

5.1 Corporate Services

5.1.1 Public Relations

Table 5.1.3-1: I.T Activities

Vehicle Overload Management The Vehicle Overload Management System (VOMS) is a

5.2 Technical and Commercial Services

5.2.1 Motor Vehicles

7. Shimabala, Sable Transport & Part of Kurimoto Non-operational following the

A few serviceable mobile plants continued to be utilized by respective Regional Engineers to

5.3 Planning and Design

5.3.1 Network Planning

5.3.1.1 Highway Management System

(a) Database development

(b) Road Condition

Table 4-1: Paved Road Network Condition

Table 4-2: Unpaved Road Network Condition

Table 4-3: Unpaved Network Condition using New Criteria

5.3.3 Environmental and Social Management

5.3.3.1 Environmental Studies

Kasempa Turn-off to Environmental Project Briefs: Reports completed and submitted to