Skip to main content

Offers for Zambia project

Loans worth a total of US$243 million will help pay for the rebuilding of the Chinsali-Nakonde road in Zambia. The loans are being provided by the African Development Bank (AfDB) based in Ivory Coast and Africa Growing Together Fund. The AfDB is offering a loan of $193 million for the project while the Africa Growing Together Fund is offering $50 million. The Chinsali-Nakonde road is of key importance for trade as it connects Tanzania and Zambia.
February 1, 2016 Read time: 1 min
Loans worth a total of US$243 million will help pay for the rebuilding of the Chinsali-Nakonde road in Zambia. The loans are being provided by the African Development Bank (AfDB) based in Ivory Coast and Africa Growing Together Fund. The AfDB is offering a loan of $193 million for the project while the Africa Growing Together Fund is offering $50 million. The Chinsali-Nakonde road is of key importance for trade as it connects Tanzania and Zambia.

Related Content

  • US$1.44 billion funding for Nigerian infrastructure
    June 6, 2024
    US$1.44 billion funding is being secured for Nigerian transport infrastructure works.
  • Rwanda’s new northern route planned
    May 23, 2018
    In Rwanda, a US$66 million deal has been signed for construction work on a road running from Base and through Butaro to Kidaho. The 63km stretch road is intended to improve transport connections in the north of the country. The work on this road will boost the country’s connections with neighbouring Uganda, helping develop trade and transport between the two nations.
  • Argentina road funding for major projects
    May 31, 2019
    Argentina is looking to source a series of loans to pay for six important road projects. The Inter-American Development Bank (IADB) is in discussions with officials in the country over the loans package, worth a total of US$200 million. The funding would be used for six PPP road projects. Other financing worth $900 million is also being secured for the six road projects, with some of the construction work already underway.
  • Financing package to help build Nigerian road project
    June 24, 2019
    Financing worth US$70 million is being provided by the African Development Bank (AfDB) for a key road project in Nigeria. The 198km road project will help improve transport in Ebonyi State, as well as between Nigeria and neighbouring Cameroon. The project is expected to cost close to $168 million. The route of the Ebonyi Ring Road intersects with the new highway being built to link Enugu in Nigeria with Bamenda in Cameroon at two interchanges. This new ring road will provide better transport flow for the k