January 25, 2017 by Staff Reporter
Malawi President Professor Peter Mutharika will officially open the Magnificent Bingu National Stadium on Saturday the 28th of January 2017 in the capital city Lilongwe.
The Bingu National Stadium is one of the big Chinese infrastructure projects that the country has received from China since Malawi changed its ties from Taiwan.
According to the Minister of Labour, Sports, Youth and Manpower Development the new Bingu National Stadium will be opened with an international match between China select and Malawi nation team, the Flames.
Bingu Stadium an Olympic-designed facility and it has components such as a synthetic running track, natural grass football pitch, CCTV, VIP lounge, shopping and exhibition rooms, press galleries, treatment rooms, and car park.
The state-of –the-art structure was constructed through a concessional loan from China to the tune of K30 billion ($70million) payable in 20 years with a grace period of seven years and an annual interest rate of two percent.