Maputo, Mozambique, 5 Oct – The African Development Bank (ADB) has approved the concession of a US$86.5 million loan to Mozambique to finance the second phase of the Nacala Corridor roads project, Mozambican newspaper Notícias reported.
Designed to improve access to the port of Nacala from Zambia, Malawi and the interior of Mozambique, the Nacala Corridor roads project covers a total of 1,033 kilometres of roads in Mozambique, Zambia and Malawi, as well as two border posts to be built between Malawi and Zambia and between Malawi and Mozambique.
The first phase of the project, which was designed in two phases, covers 348 kilometres of roads in Mozambique and another 13 kilometres of secondary roads in Malawi.
The second phase, according to the ADB, will be a continuation of the first, involving 360 kilometres of roads in Zambia, between Luangwa and Mwami.
The project also includes subsidiary work to improve and asphalt 114.7 kilometres of roads in the three countries.
The proponents of this project have said they hope that it will help to reduce the cost of transport, improve access to markets and social services and also make it possible to increase road safety.
In total, the project has an estimated cost of US$104 million. (macauhub)