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.
March 11, 2019 Read time: 1 min

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.

Finance & Funding

For more information on companies in this article

Related Content

October 13, 2017

Kenya-Tanzania connection partial funding found

A large chunk of the funding required for the improved road connection between Kenya and Tanzania has now been sourced. The African Development Bank (AfDB) will provide US$300 million of the financing required for the project. However the remaining $485 million of funding necessary still remains to be secured.
boombox1

Highlighted Content

boombox2