Funding for Malawi-Zambia road link

Extra funding will help improve the road link connecting Malawi and Zambia. The African Development Fund (ADF) is providing a loan worth US$73.6 million for the fourth phase of the Multinational Nacala Road Corridor Development project. This route connects Malawi and Zambia and is of major economic importance to both nations, but particularly for Malawi as its transport connections with its neighbours are not well developed. The ADF is providing loans of $7.7 million to Zambia and a loan of $65 million to M
December 10, 2013 Read time: 1 min
Extra funding will help improve the road link connecting Malawi and Zambia. The African Development Fund (ADF) is providing a loan worth US$73.6 million for the fourth phase of the Multinational Nacala Road Corridor Development project. This route connects Malawi and Zambia and is of major economic importance to both nations, but particularly for Malawi as its transport connections with its neighbours are not well developed. The ADF is providing loans of $7.7 million to Zambia and a loan of $65 million to Malawi, reflecting the relative condition of their economies. Zambia’s copper mining industry has provided steady income in recent years while Malawi’s economy is far more restricted. In addition Malawi will receive a further $900,000 grant from the ADF for the Nacala Road Corridor Development project, reflecting its importance for the country’s future growth.
Finance & Funding Road Structures

Related Content

  • Chinese input to Pakistan highway
    April 16, 2025
    Pakistan and China are poised to enhance the Karakoram Highway (KKH)
    Read More
  • Upgrading a busy A road link in the UK
    July 4, 2018
    The upgrade to the UK’s busy A14 route will address a significant traffic bottleneck - Mike Woof writes The UK is suffering badly from traffic congestion, a problem that is particularly severe in and around its major cities. Lack of investment in road construction over many years has resulted in a major backlog of work, while the country has seen growing vehicle numbers. To make matters worse, there have been few additions to the major road network since the late 1980s and early 1990s. And the combinatio
    Read More
  • Transstroy improving Russia’s aviation infrastructure
    January 21, 2014
    Aviation is playing an important role in developing Russia’s economy and resolving socio-economic issues. It’s particularly important for the country’s role as an international and domestic hub, ensuring the transportation of residents from remote regions
    Read More
  • Turkey is offering generous subsidies to boost its under-developed mining sector
    April 19, 2016
    Turkey is boosting its mining sector as part of a strategic plan for economic development. Although the country can trace mining locally back to 7,000 BC, it has not properly exploited its rich mineral resources. This is changing since the government in 2012 declared mining to be a sector of strategic importance, thereby making it open to significant subsidies. As a result, Turkey is a land of opportunity for mining companies and equipment suppliers, said Sofia Pankratz, manager for Turkey, Greece and Cypru
    Read More

Highlighted Content