Mozambique road development receives funding

Financing worth US$150 million is being provided by the World Bank, which will be used to help pay for road development work in Mozambique. The funding will be aimed at upgrades to roads in Mozambique’s Nampula Province and Zambezia Province. One of the key upgrades will be to a 70km section of the road connecting Namacurra with Quelimane. The aim of the work is to improve transport for the agricultural sector in the respective provinces.
May 15, 2018 Read time: 1 min

Financing worth US$150 million is being provided by the World Bank, which will be used to help pay for road development work in Mozambique. The funding will be aimed at upgrades to roads in Mozambique’s Nampula Province and Zambezia Province. One of the key upgrades will be to a 70km section of the road connecting Namacurra with Quelimane. The aim of the work is to improve transport for the agricultural sector in the respective provinces.

Finance & Funding

Related Content

  • Road upgrades planned for Mindanao in Philippines
    February 1, 2018
    A series of road upgrades is planned for Mindanao in the Philippines. A loan worth US$380 million from the Asian Development Bank (ADB) will help pay for the works. In all, the programme of road upgrades will cost $498 million however. Eight roads in Zamboanga Peninsula totalling 277km will be upgraded along with three bridges in Tawi-Tawi Province that will be improved.
    Read More
  • EU funding for Hungary’s transport plans?
    June 22, 2016
    Hungary has plans in hand for a programme of works that will improve its transportation system. In all there are 19 transport projects being worked on. These will be implemented as part of the EU's Connecting Europe Facility (CEF). Funding from the EU worth up to €795 million looks likely to be made available to pay for the construction work required. Two of the key road projects icnluded will be for the widening of the existing M70 and M15 dual carriageways, with these routes also being upgraded to highway
    Read More
  • Colombian road projects being planned
    March 5, 2021
    A series of major Colombian road projects is being planned.
    Read More
  • EIB aids funding for Poland's A2
    July 12, 2012
    The European Investment Bank (EIB) will help funding of the A2 highway project in Poland, which has faced financing problems due to the economic crisis. The EIB is making an exception to its usual policy by granting to Polish company Autostrada Wielkopolska credit that covers over 50% of the costs of the construction work for a highway section. The EIB will provide €1 billion for the A2 investment and to create an option of an additional €200 million. The total value of the investment, which is expected to
    Read More

Highlighted Content