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

  • Poor road safety causes too many deaths
    December 13, 2016
    Road safety is an issue that rarely grabs headlines, although it is something that affects people around the globe. Road deaths account for a shockingly high percentage of deaths worldwide, with the risks being particularly high in developing countries. This poses such a threat to public health that the United Nations has been taking steps to address the issue, commencing with its Decade of Action on Road Safety in 2010. The focus has been on developing countries, due to the rapid increase in road deaths in
    Read More
  • Projects planned for Nepalese highway network
    January 9, 2014
    A series of major trade routes are being upgraded in Nepal, which are intended to help boost bilateral trade with neighbouring India and China. This will see four key trade routes being upgraded to six lanes. These are the; Butwal-Belhiya, Rani-Ithari, Surybinayak-Dhulikhel and Birgunj-Pathalaiya highway sections. Work is already underway on the Butwal-Belihiya and Rani-Ithari highway sections while work is also being planned for the Suryabinayak-Dhulikhel and Birgunj-Pathalaiya highways. Of the 24km stretc
    Read More
  • Better road safety can save lives worldwide
    January 24, 2017
    Road safety is an issue that rarely grabs headlines, although it is something that affects people around the globe. Road deaths account for a shockingly high percentage of deaths worldwide, with the risks being particularly high in developing countries. This poses such a threat to public health that the United Nations has been taking steps to address the issue, commencing with its Decade of Action on Road Safety in 2010. The focus has been on developing countries, due to the rapid increase in road deaths in
    Read More
  • New technical requirements for off-road machines
    January 1, 2025
    New technical requirements are agreed for off-road machines in Europe.
    Read More

Highlighted Content