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

  • Mozambique road tender due to open
    October 26, 2016
    The tender process is opening for the project to rebuild an important road route in Mozambique. The road stretch is in Cabo Delgado Province and runs a distance of over 170km from Mueda to Negomano, which lies on the country’s border with neighbouring Tanzania. Continuing north eastwards beyond Negomano on the same route lies the Unity Bridge that spans the Rovuma River and which forms the border between Mozambique and Tanzania. Upgrading the 100km road stretch will help trade between the two countries and
    Read More
  • Contract for Zambia road project
    January 5, 2017
    The contract for a key road project in Zambia has been awarded, which will help improve its international connections. Worth US$210 million, the project involves upgrading the existing M3 route connecting Mwenda with Kashiba. The 98km road upgrade will help increase safety and capacity and will boost transport connections between Mwenda and Kashiba, both of which are in Zambia’s western Luapula Province, as well as with the Democratic Republic of Congo just over the border. Heading eastwards meanwhile, the
    Read More
  • Romania gets EIB funds
    February 20, 2012
    Funding worth nearly €600 million from the European Investment Bank (EIB) could help improve Romania’s national road network.
    Read More
  • New East Africa highway connecting Kenya, Tanzania, South Sudan
    June 8, 2016
    East African countries continue to implement a road Master Plan developed jointly under the East African Community initiative and which aims at integrating the region’s transport corridors to meet the growing demand for road transport by the increasing intra-regional trade and vehicular traffic. Kenya has for example unveiled a US$280 million road rehabilitation project to improve its links with Tanzania and South Sudan with the backing of the African Development Bank (AfDB). Rehabilitation of the 172
    Read More

Highlighted Content