Friday, October 1, 2010

SADC – AfDB Promotes Regional Integration / USD 95.6 million to Zambia for Nacala Corridor

TUNIS, Tunisia, October 1, 2010/African Press Organization (APO)/ — The Board of Directors of the African Development Fund (ADF), the concessional window of the African Development Bank (AfDB) Group approved on Monday, 27 September 2010 in Tunis, a USD 95.6 million loan to fund the Nacala Corridor Phase II Road project (NCRP) in Zambia.

The NCRP aims at promoting economic growth and regional integration within the Southern African Development Community (SADC) through a reliable and efficient transport infrastructure to improve sub-regional trade and the region’s overall competitiveness.

SOURCE: African Development Bank (AfDB)