Skip to main content

Financing has been assured for a key road upgrade in Mozambique

Financing for a road project in Mozambique is being provided by a bank in India. The Exim Bank of India is proving a line of credit worth some US$147.7 million for the road upgrade project. Mozambique is seeing steady investment in its infrastructure and this latest project will improve transport links in the country.
July 16, 2013 Read time: 1 min
Financing for a road project in Mozambique is being provided by a bank in India. The Exim Bank of India is proving a line of credit worth some US$147.7 million for the road upgrade project. Mozambique is seeing steady investment in its infrastructure and this latest project will improve transport links in the country.

Related Content

  • Cameroon’s key road projects
    October 23, 2024
    Cameroon’s key road projects will benefit from funding.
  • India spending on improving safety of roads
    January 14, 2016
    The Indian Government is looking to upgrade its road links and also improve the condition of many road links right across the country, with a view to improving safety, as well as transportation. A series of infrastructure plans are being implemented, aimed at improving road conditions in the country. India’s Ministry for Road Transport and Highways is keen to improve road safety and reduce the fatality rate in the country. The Indian Government is establishing a Road Safety Authority that is being charged
  • Key road projects underway in East Africa
    December 6, 2013
    A series of road improvements and investments will improve connections in Uganda, Tanzania and Ethiopia. The World Bank is offered the Ugandan Government a loan of US$400 million to rebuild roads in Kamdini and Tororo-Soroti-Lira. This funding will allow contractors to carry out road maintenance on the roads for 7-10 years, with work scheduled to start in 18 months. Meanwhile a deal worth $335.76 million has signed by the Tanzanian Government for the second phase of the Road Sector Support Project (RSSP-II
  • Serbia upgrading infrastructure
    May 2, 2012
    Serbia has managed to reduce the cost of building the Corridor 10 highway by €80 million. These funds will instead be used to pay for upgrades and improvements needed for the second section of the highway project, close to Neradovci. So far some 180km of the Corridor 10 highway has been built over a 40 month time frame. A further 150km of the highway has still to be built. Work on the Corridor 10 motorway is also being financed by the European Bank for Reconstruction and Development and the state budget. Wh