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

  • India’s road to safety
    September 5, 2012
    India's growth rate is the envy of the world, and its infrastructure is rapidly improving, but its road safety record is the world's worst. Patrick Smith reports on a conference aimed at finding answers to the problems Ambling through the gardens and marble magnificence that is the Taj Mahal or gazing down on the city of Jaipur from the hilltop Jaigarh Fort is far removed from the world outside.
    Read More
  • Global growth in machine rental
    May 20, 2015
    The machine rental sector is undergoing significant expansion worldwide – Dan Gilkes reports. Plant hire, equipment rental, leasing, call it what you will, being able to use a machine when and where you need it, with no further concerns relating to ownership costs, depreciation or sudden repair bills, remains a compelling argument for many contractors. Which is one of the main reasons for the continued growth in popularity of equipment rental across the world. Rental has been big business in the UK, the US
    Read More
  • Papua New Guinea road rehab plan
    June 11, 2018
    The Asian Development Bank (ADB) is providing a loan facility that will help Papua New Guinea to rebuild its Highlands Highway.
    Read More
  • Major road projects for West Africa
    July 6, 2012
    Two major road projects will help connectivity in West African nations. In Cameroon, a loan from China Eximbank will help fund a key expressway project. Meanwhile in Côte d'Ivoire, a new highway will provide a new link to a major port. The US$466 million loan from the Export-Import Bank of China (China Eximbank) will be used to upgrade the expressway linking Cameroon’s two major cities, Douala and Yaounde. Meanwhile Bouygues Travaux Publics is to build a 6.4km stretch of highway in Côte d'Ivoire, in a contr
    Read More

Highlighted Content