Financing secured for Tanzania road project

Upgrade work will be carried out on a road in Tanzania’s Kigoma Region now that financing has been secured. A loan worth US$257.7 million from The African Development Bank (AfDB) will help finance the work. The 260km road connects Manyovu with Kabingo and the work is expected to take 36 months to complete. The work is important as it will provide better transport to an area of Tanzania that has suffered from poor connectivity in the past.
Finance & Funding / March 11, 2019

Upgrade work will be carried out on a road in Tanzania’s Kigoma Region now that financing has been secured. A loan worth US$257.7 million from The 1586 African Development Bank (AfDB) will help finance the work. The 260km road connects Manyovu with Kabingo and the work is expected to take 36 months to complete. The work is important as it will provide better transport to an area of Tanzania that has suffered from poor connectivity in the past.

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