AfDB Lends Tanzania and Sierra Leone $250 mln for Roads

07 Apr 2012

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Reuters) - 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.

Tags: Nigeria, Featured, Business, AfDB

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