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

  • Funding for Sri Lankan highway upgrade work
    July 8, 2014
    A loan from the Asian Development Bank (ADB) worth US$800 million will help pay for a series of major road upgrades in Sri Lanka. The remaining $106 million required for the project will be provided by the Sri Lankan Government. The funding will pay for works to 2,200km of provincial and local roads as well as 400km of national roads. The work will help provide proper road connections to around 1,000 villages, with the loan being supplied in a series of payments. The first $100 million payment will be made
    Read More
  • Kazakhstan road project - funding secured
    October 7, 2021
    Funding has been secured for a Kazakhstan road project.
    Read More
  • Ivory Coast road development planned
    March 10, 2017
    Financing has been found to pay for road upgrade projects in Ivory Coast. The Morocco-based banking business Banque Centrale Populaire (BCP) will provide nearly US$183 million for improvement works to two stretches of highway. The funding will allow the Kokonou to Apprompronou road to be resurfaced with asphalt. Meanwhile the road running from Yamoussoukro through Bouaflé to Daloa will also be improved.
    Read More
  • Namibia international airport road project awarded
    August 16, 2019
    The contract for a stretch of the improved road link connecting with Namibia’s main international airport has been awarded to a Chinese contractor.
    Read More

Highlighted Content