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.
Road Structures Finance & Funding

Related Content

  • Nigeria road project; funding approved
    April 30, 2019
    Funding has been approved for an important road project in Nigeria’s Ebonyi State.
    Read More
  • A new bridge will link Zambia and Botswana
    July 18, 2012
    A new bridge will improve cross border connections between Zambia and Botswana. The Kazungula Bridge will be constructed by Zambia, which will also build a new border post. Construction work is expected to commence once discussions between Zambia and Botswana have been completed. The Japanese Government is also involved in the discussions, as it is jointly funding the project in partnership with the African Development Bank (AfDB). Construction of the bridge is expected to cost in the region of US$200 milli
    Read More
  • Funding for Malawi-Zambia road link
    December 10, 2013
    Extra funding will help improve the road link connecting Malawi and Zambia. The African Development Fund (ADF) is providing a loan worth US$73.6 million for the fourth phase of the Multinational Nacala Road Corridor Development project. This route connects Malawi and Zambia and is of major economic importance to both nations, but particularly for Malawi as its transport connections with its neighbours are not well developed. The ADF is providing loans of $7.7 million to Zambia and a loan of $65 million to M
    Read More
  • Funding secured for Congo road project
    December 14, 2021
    Funding has been secured for a Democratic Republic of Congo road project.
    Read More

Highlighted Content