GREAT NORTH ROAD (T2) Upgrade (EIB-20150219)

Countries
  • Zambia
Where the impacts of the investment may be experienced.
Financial Institutions
  • European Investment Bank (EIB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Proposed
Bank Risk Rating
U
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Borrower
ROAD DEVELOPMENT AGENCY
The holder of the loan, grant, or other investment.
Sectors
  • Transport
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 130.48 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Currency conversion note:
Bank reported EUR 110 million
Converted using 2017-11-30 exchange rate.
Project Cost (USD)
$ 515.97 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Currency conversion note:
Bank reported EUR 435 million
Converted using 2017-11-30 exchange rate.
Bank Documents
Primary Source

Original disclosure @ EIB website

Updated in EWS Nov 30, 2017

Disclosed by Bank Nov 16, 2017


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Project Description
The project consists of the upgrade of the Zambian section of the Great North Road (T2) between Mpika and the border with Tanzania in Nakonde. It further includes the rehabilitation of feeder roads in the Chinsali-Nakonde section, complementary initiatives in the project area and the provision of technical assistance. OBJECTIVES The project is a joint COMESA/EAC/SADC Aid for Trade Initiative, the primary aim of which is to lower transport cost along this key regional road corridor. It will contribute transforming centrally located Zambia from a land-locked to a land-linked country, while fostering continental integration and promoting inclusive economic growth and poverty reduction. It will help diversify the Zambian economy and unlock the country's economic potential. The upgrade of the Great North Road will also make the road more resilient to climate change and safer for road users and local communities.
Investment Description
  • European Investment Bank (EIB)
Contact Information
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