Antigua and Barbuda announce US$17.5 Million road rehabilitation project On Thursday, 9th February 2017, the Government of Antigua and Barbuda officially launched a road rehabilitation project to upgrade the Sir George Walter Highway and Friars Hill Road. The project is funded through a grant of million...
The Board of Directors of the African Development Bank (AfDB) have approved a US$40.8 Million loan on Friday 16th December 2016 to the Republics of Benin and Togo to finance the upgrading of a 30-kilometre road section linking the capitals of both countries into a four-lane highway, as well as an import...
The African Development Bank (AfDB) approved US$ 245 million in loans and grants to the Governments of Uganda and Rwanda to finance a transport project that will boost regional trade and decongest traffic from Kampala (Busega) city to Mpigi. Uganda and Rwanda are landlocked countries and transport infra...
Serbia receives US$290m for 1,100km of Road Rehabilitation and Safety Projects The project will support the rehabilitation and safety of about 1,100 km of Serbia’s major roads over the next five years. the Serbian Ministry of Finance has agreed on three loans totalling about US$290 Million from three ma...
The World Bank’s Board of Executive Directors approved a US$25 million credit from the International Development Association (IDA) to help Laos (Lao Peoples Democratic Republic) to strengthen its road maintenance systems and improve road connectivity throughout the country. The approved Lao PDR Road Sec...
The Kingdom of Bhutan has received a grant from Asian Development Bank (ADB) towards the cost of South Asia Sub-Regional Economic Cooperation (SASEC) Road Connectivity Project. Part of this grant will be used for payments for the Construction of Northern Bypass Road (NBR Package-II) in Phuentsholing. Bi...
Development of the Mintom-Lele-Ntam-Mbalam Road (Congo border) and facilitation of the Yaoundé – Brazzaville Transport Corridor The Republic of Cameroon has received a loan from the African Development Bank (AfDB) to cover the cost of the proposed development of the Mintom-Lele-Ntam-Mbalam (Congo...
US$ 74.9M Highway upgrade to connect Mozambique and Tanzania The African Development Bank (AfDB) approved US$ 71.8M grant and USD 3.1M loan to the Government of Mozambique for the construction of a 70km asphalt road section in Northern Mozambique to improve connectivity with Tanzania. This road segment...
AfDB commits US$92.9m to open up access to Southern Ethiopia On Wednesday 7th December of 2016 in Abidjan, the Board of Directors of the African Development Bank Group (AfDB) approved USD 57.6M grant and USD 35.3M loan (Approximately USD 92.9 million) to the Government of Ethiopia for the upgrading of 2...
The Asian Development Bank (ADB) and the Government of the Kyrgyz Republic today signed the financing agreement amounting to $95.1 million to rehabilitate a section of the North-South Alternate Road Corridor in the Kyrgyz Republic. The agreement was signed by Adylbek Kasymaliev, Kyrgyz Minister of Finan...
The Asian Development Bank (ADB) has approved a $186.8 million loan to upgrade 160 kilometres (km) of Nepal’s strategic road network and improve the country’s domestic and regional transport connectivity. “This project supports the government’s plans to further develop Nepal’s infrastructure and connect...
European Investment Bank loans Poland 70m Euros for 40km Road Upgrade Loan agreed with the European Investment Bank (EIB) to lend Euro 70M towards the upgrading of a section of the S7 highway between Koszwały and Kazimierzowo in northern Poland. The EIB loan will finance the upgrading a 40km stretch to...
Timor-Leste (East Timor) 16th November 2016 Funding Approved for the Dili to Baucau Highway Project The project is consistent with the Timor-Leste Strategic Development Plan (SDP) 2011-2030, which sets a vision to promote economic growth, fast-track economic development, modernise, and diversify the eco...
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 throu...
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