Mozambique’s road network is to receive international funding for various projects. The 304km road connecting Cuamba and Lichinga in Niassa province will be improved under the plan.
April 24, 2012
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Mozambique’s road network is to receive international funding for various projects. The 304km road connecting Cuamba and Lichinga in Niassa province will be improved under the plan.
The authorities in Mozambique are planning to secure loans worth US$300 million from the Export Import Bank of China (Exim Bank). The loans will be used to finance construction of the Maputo Ring Road project. Equipment procurement is scheduled for the project during first six months of 2012. The ring road project will link Maputo to the Costa do Sol neighbourhood, leading to Marracuene district.
A major loan from Japan will help develop the road transport network in Kazakhstan. The Japanese government will provide a loan to the Republic of Kazakhstan worth US$76 million. The sum will be used to develop the country's road infrastructure and will boost Kazakhstan's access to European and Asian markets. The loan will allow a new bypass to be built on one of the country's main transport arteries in the southern Zhambyl province, as well as the rehabilitation of other existing routes.
India has approved an ambitious US$1.04 billion project for constructing and upgrading 558km of roads to link it with Bangladesh, Bhutan and Nepal.
India's Department of Economic Affairs has agreed to the project that will have 50% funding from the Asian Development Bank.
A report by India’s independent newswire agency IANS noted that the work will be done within two years.
"We have taken up five highway stretches in the country, which are very important for such a connectivity to succeed. This project i
