Tanzania gets $216m for roads

The African Development Bank Group said on Thursday it has approved $250mln for road construction projects in Tanzania and Sierra Leone. Under the approvals made by the AfDB Group Boards on Thursday in Tunis, Tanzania’s government will receive a $216 million loan to finance phase two of the country’s Road Sector Support Project.

Friday, April 06, 2012

The African Development Bank Group said on Thursday it has approved $250mln for road construction projects in Tanzania and Sierra Leone. Under the approvals made by the AfDB Group Boards on Thursday in Tunis, Tanzania’s government will receive a $216 million loan to finance phase two of the country’s Road Sector Support Project.The project estimated at $330 mln comprises upgrading and construction work on the Dodoma-Babati, Tunduru-Mangaka and the Mangaka-Mtambaswala strategic road axes covering 390 kilometers in the eastern and southern parts of the country, respectively, AFDB added in statement. Sierra Leone will receive a loan of $34 million.