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

  • Zambia road funding from India
    May 31, 2017
    Funding from India will help pay for transport infrastructure development in Zambia. The financing package has been agreed between the Export-Import Bank of India (EXIM) and the Zambian Government.
  • By invitation: Africa’s road funds are under pressure
    November 8, 2021
    Ali Ipinge is CEO of the Road Fund Administration (RFA) of Namibia and, since early 2021, presides over the 35-member African Roads Maintenance Funds Association (ARMFA). Ahead of the 18th IRF World Meeting & Exhibition which he will be keynoting, Ipinge highlighted developments in the quest for sustainable road maintenance funding in the African continent
  • Investing in Albania's roads
    March 22, 2012
    The European Bank for Reconstruction and Development (EBRD) is providing major funding in Albania’s road network. A loan worth €53 million will help pay for the construction of the new Fier and Vlore bypasses. This loan will aid further development of the Albanian road network and boosting economic integration in the country by co-financing the construction of the two bypass roads, located in south-western Albania. The EBRD loan is structured in two tranches and will be used by the Albanian Road Authority t
  • Senegal road development work planned
    March 14, 2022
    Road development work is planned for Senegal.