AfDB Approves US$251 Million Funding for Roads in Tanzania and Sierra Leone
9 April 2012
African Development Bank - April 5, 2012
The African Development Bank Group has approved USD 250.95 million (UA 162 million) for road construction projects in Tanzania and Sierra Leone.
Under the approvals made by the AfDB Group Boards on Thursday in Tunis, Tanzania’s government will receive USD 216.87 million loan from African Development Fund (ADF) to finance phase two of the country’s Road Sector Support Project. The ADF is the Bank Group’s concessional support window.
The project comprises upgrading and construction work on the Dodoma-Babati, Tunduru-Mangaka and the Mangaka-Mtambaswala strategic road axes covering 390 kilometers in the eastern and southern parts of the country, respectively.
Category: Transport