Zambia road funding from India

Funding from India will help pay for transport infrastructure development in Zambia. The financing package has been agreed between the Export-Import Bank of India (EXIM) and the Zambian Government.

A finance package from the World Bank of US$600 million will help pay for a series of development projects in Zambia. The three year development programme will help boost Zambia’s transport network and the funding has been made available via the World Bank's International Development Association. This package includes the $200 million budget for rural road development, intended to connect Zambia’s most remote areas to the transport network.

The World Bank is providing US$200 million to Zambia for the country’s rural road development programme. The funding is being provided through the International Development Association (IDA) and will help pay for improvements to rural roads in six of 10 provinces in Zambia. Meanwhile the country itself will pay for rural road upgrades in the remaining four provinces. These road upgrades are required as they will help boost economic development in Zambia’s poorest outlying areas. At present just 17% of those