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

  • Kenya’s plan for US$5.2 billion road improvements
    February 15, 2024
    Kenya is setting out plans for US$5.2 billion of road improvements.
    Read More
  • Work on new Botswana-Zambia bridge to start this month
    May 28, 2014
    The CEO of Zambia's Road Development Agency, Bernard Chiwala, said work on the construction of a USD$259 million bridge between the country and Botswana will begin in June 2014. The project is funded by the governments of Botswana, Zambia, and Japan as well as the African Development Bank. According to Chiwala, the contract for building the Zambia-Botswana bridge will be awarded in Botswana in the near future. The structure is scheduled for completion in four years and will replace the ferry service betwee
    Read More
  • Uganda expressway development project proposed
    March 1, 2023
    A Ugandan expressway development project is being proposed.
    Read More
  • South East Asia highway to connect Myanmar, Vietnam, Thailand, Laos
    November 18, 2015
    Plans are in hand in South East Asia for an improved road link connecting Vietnam, Thailand, Myanmar and Laos. A loan from the Asian Development Bank (ADB) worth US$100 million will help fund the work for the 66.4km section running between Kawkareik and Eindu in Myanmar. The highway will run for some 1,450km in all. The road will be called the East-West Economic Corridor and is of key importance to open up trade and transport between these nations. Talks for this project are underway at present.
    Read More

Highlighted Content