ADF approves US$92 million loan for road project (21/09/07)

 

The Board of Directors of the African Development Fund (ADF), the concessional window of the African Development Bank (AfDB) Group, have approved a loan of 60 million Units of Account (UA*) equivalent to US$92 million, to finance the upgrading of a road network in central Tanzania.

 
 
The project aims at improving essential road transportation services between Dodoma, Singida, Babati and Arusha, in order to integrate the region with the rest of the country. It will also help integrate the key central transport corridor in Tanzania with the northern transport corridor traversing Kenya.

The overall goal of the project is to support socio-economic development of the country through an improved, efficient and cost effective transportation system that integrates regional and national economic centers and in so doing, contributes to poverty reduction.

Source: African Development Bank

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