US$300 million loan agreement for Nacala Corridor project signed

The African Development Bank and other participating co-lenders have signed agreements for the financing of the Nacala Corridor project. The Nacala Corridor is an integrated and transformative infrastructure project which consists of a 912 km railway and a port meant to unlock the Western region of Mozambique and landlocked Malawi. The total project cost is estimated at $5 billion. The …

AfDB approves US $3.04-million grant for road and bridge construction feasibility studies in Central Africa

The African Development Bank (AfDB) on Monday, November 1, 2016, approved a US $3.04-million grant to assist the Economic Community of Central African States (ECCAS) to undertake studies for the Kribi-Campo-Baba Multinational Road and Bridge linking Cameroon to Equatorial Guinea. The grant, funded through the NEPAD Infrastructure Project Preparation Facility (NEPAD-IPPF), a multi-donor Special Fund administered by the AfDB, will ...

Zambia: Nacala Road Corridor Consultants Shortlisted

GOVERNMENT has evaluated bids and submitted the shortlisted consultants to the African Development Bank (AfDB) for granting of a no-objection to issue the Request for Proposals (RFP) for the Nacala Road Corridor development project costing US$7.5 million. The ministry of Works and Supply set aside the funds to engage a consultant to finalise the designs for the construction of the ...