African Development Bank To Fund Zambia - Nacala Road
The Board of Directors of the African Development Bank (ADB) has approved a loan of $95.6 million to finance the Nacala Corridor Road Project (NCRP) Phase II, in Zambia. The road is intended to provide access for Zambia to the northern Mozambican port of Nacala, widely regarded as the best deep water port on the east African coast.
Phase 1 included 348 kilometres of roads in Mozambique, and a 13 kilometre bypass in Malawi. Phase 2 covers 360 kilometres of roads in Zambia, between Luangwa and Mwami.
Source: AIM Mozambique News Agency