Finance approved for Zambia road project
15 October 2010
Additional financing has been agreed to enable transport infrastructure in Zambia to be improved.
The World Bank approved $15 million in finance (£9.37 million) for the Road Rehabilitation and Maintenance Project.
In a description of the initiative, the organisation noted the main goal is to invest in road infrastructure in order to enable economic growth and reduce poverty in Zambia.
And the extra $15 million fund will "preserve roads in target transport corridor areas and improve transport safety and connectivity in target areas", the bank confirmed.
Reforms of policy and institutional changes will be brought about in conjunction with the transport plans, which will also see better road-sector management.
Earlier this year, the Zambian Business Survey was launched, which aims to bring a better service to micro, small and medium-sized enterprises in the nation.
The World Bank explained these types of company dominate the economy and sometimes struggle to grow due to a lack of information.