Vice president Saulos Chilima has praised the President Lazarus Chakwera for signing the second Millennium Challenge Corporation (MCC) $350 million package in the United States

In a Facebook post, Chilima said the MCC package has come at the right time for Malawi and it will help in construction of roads.

He said the compact will help Malawi in stagnant economy to start moving forward through three key projects namely Accelerated Growth Corridors (AGC Project), Increased Land Productivity Project and he American Catalyst Facility for Development (ACFD Project).

The Compact signed on Wednesday will further address an identified need for greater coordination of policy and planning across key sectors with a particular focus on investments and initiatives in the Transport and Land sectors.

The main aim is to reduce poverty in our country through economic growth through constructing roads in rural areas to help farmers to easily access markets, among others.

“Once again congratulations to His Excellency the President for fixing the second MCC $350 million compact,” said Chilima

Speaking during the signing ceremony, President Chakwera said part of the roads will be constructed over 300kms of roads that include Mkanda- Mchinji to Mwase, Rumphi to Euthini in Mzimba, Lilongwe to Chigwirizano and a road from Chantulo in Mangochi off Golomoti to Monkeybay.

“Malawi is transforming, years to come it will no longer going to be the same after making tough and painful corrective economic decisions that will make a Malawi a better place,” he said