Maputo, Mozambique, 5 July – The World Bank has granted a US$41 million loan to Mozambique to finish repair work on three sections of National Road 1, which links the south to the north of the country, the Mozambican press reported.
Under the terms of an agreement signed Friday in Maputo, the funding provided by the World Bank will be used to repair the Jardim-Benfica (Maputo), Xai-Xai-Chissibuca (Gaza) and Massinga-Nhachengue (Inhambane) sections of the road.
As part of the Integrated Road Sector Programme 2007-2009, the World Bank, via the International Development Association (IDA) provided the Mozambican government with a US$100 million to be channelled into repairing roads and providing institutional support to the sector.
“During the programme’s execution, the figure initially granted was found not to be enough due to the international economic climate, which led to a rise in the price of construction materials,” according to a statement from the Ministry for Planning and Development.
“As a result the funding was not enough for conclusion of the repair work on the three sections of National Road 1,” the statement said, adding that the funding now provided would be used to finance a variety of activities, such as technical assistance, consultancy and studies. (macauhub)