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

  • Thailand highway development project to connect with neighbours
    May 23, 2019
    Thailand is looking to support a major highway project that will connect with its neighbours. A new 138km highway link will improve transport connections between Thailand and Myanmar’s Dawei Special Economic Zone. This route will likely receive financial support via Thailand’s Neighbouring Countries Economic Development Cooperation Agency (NEDA). This is just one of several projects NEDA is aiming to assist. NEDA is in talks with representatives of a number of neighbouring countries such as Laos and Cambodi
    Read More
  • Pakistan’s vital motorway links
    March 17, 2025
    Pakistan’s vital motorway links will boost connectivity.
    Read More
  • Australia roads alliance
    April 16, 2012
    A huge infrastructure programme is being planned at present for the Australian state of Queensland With an annual growth rate of around 3.2%, Queensland is the fastest growing state in Australia and has been for over a decade. The State attracts an average of 1,500 new permanent residents each week, 1,000 of whom move to the South East corner.
    Read More
  • Nepal budget focusing on transport
    June 7, 2016
    Nepalese minister for finance Bishnu Prasad Paudel has highlighted the importance of transport as part of the country’s budget for the fiscal year 2016/2017. Key issues include reviving the economy affected by the earthquake and the supply system disruption and attaining high economic growth through increasing productivity and production. The budget will aid with promoting domestic and external investment and expanding economic activities, increasing income and employment and reducing poverty, in a bid to c
    Read More

Highlighted Content