Loans approved for Mali road development

Loans have been approved for road development work in Mali.
By MJ Woof April 3, 2020 Read time: 1 min
Sandwiched in between Algeria, Niger, Burkina Faso, Ivory Coast, Guinea, Senegal and Mauretania, landlocked Mali depends heavily on its transport connections – image © courtesy of Rosevite2000, Dreamstime.com


Loans will be used to pay for work to develop a stretch of the Trans-Sahara road in Mali. The African Development Bank and the African Development Fund are providing the necessary loans. The Mali Government has given approval for the legal structure covering the US$32 million loan package being provided.

The funding package will help to pay for work on a 285km stretch of the route in Mali. Building the Trans-Sahara route is of key importance for North and West Africa. The road link will provide direct transport connections for six nations, improving transport between Algeria’s capital Algiers and Nigeria’s capital, Abuja, and its economic centre, Lagos. However, improvements to the Trans-Sahara route will help deliver an economic boost to numerous neighbouring nations also.

Finance & Funding

Related Content

  • Australia's huge transport investment
    February 29, 2012
    The Australian Government is allocating additional funding to renew its infrastructure and to improve transport in the major cities work in its 2011-12 budget.
    Read More
  • East Africa’s dream of a ‘Silk Road’ in sight
    October 22, 2021
    East Africa’s dream of a ‘Silk Road’ route to boost trade and transport is now in sight
    Read More
  • Bolivia dual carriageway project stalled
    September 12, 2016
    Work remains at a halt on the 70km dual carriageway upgrade connecting Yapacani with Montero in Bolivia’s Santa Cruz department. A disagreement between the Mexican construction company that was building the link, Tradeco, and Bolivia’s road administration department, ABC, resulted in the contract being cancelled. The route, Highway 4, runs from Yapacani through Santa Fe, San Carlo and Portachuelo to Montero and the project was intended to improve the road and boost its capacity by increasing the number of l
    Read More
  • Serbia road funding being delivered
    January 3, 2017
    A loan of €178 million will pay for the Surcin-Obrenovac highway project in Serbia. The loan for the work is being provided by China’s Export-Import Bank. The financing deal has been agreed between the Serbian Government and the Chinese bank. When Chinese sources deliver funding for road projects, a usual stipulation of the agreement is that the main contracting work should be carried out by a Chinese firm. However, the names of the company or companies that will be involved in the road construction have ye
    Read More

Highlighted Content