Malawi - Multinational Nacala road corridor development project Phase V (AFDB-P-Z1-DB0-202)

Countries
  • Malawi
  • Mozambique
  • Zambia
Where the impacts of the investment may be experienced.
Financial Institutions
  • African Development Bank (AFDB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Approved
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.
Voting Date
Jun 19, 2019
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
*Borrower information not provided at the time of disclosure*
The holder of the loan, grant, or other investment.
Sectors
  • Infrastructure
  • 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)
$ 36.86 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Primary Source

Original disclosure @ AFDB website

Updated in EWS Sep 10, 2020


Contribute Information
Can you contribute information about this project?
Contact the EWS Team

Project Description

According to bank documents, the proposed project is Phase V of the on-going Multinational Nacala Road Corridor Development Project in Zambia, Malawi, and Mozambique. This project will therefore complement the economic benefits of the on-going projects along the Nacala Road Corridor. The target area is the entire Nacala Road Corridor from Lusaka in Zambia through Malawi and Mozambique to the Nacala Port. The project falls within the overall vision of SADC and has been endorsed by SADC member states at the highest level of summit. It is in line with the regional integration and development program of SADC, which is guided by the SADC Regional Infrastructure Development Master Plan and the revised Regional Indicative Strategic Development Plan (2015-2020). The project involves rehabilitation of Nsipe-Liwonde Road and construction of an OSBP between Malawi and Mozambique at Chiponde/Mandimba border post. The total cost estimate is UA 45.289 million. The project shall be implemented over a period of 5 years starting in July 2019 and ending in June 2024.

The development objective of the project is to contribute to regional integration and trade facilitation for Malawi, Mozambique, and Zambia. Specifically, the project will contribute to the reduction of transportation costs along the Nacala Road Corridor, which is expected to enhance Malawi's trade competitiveness.

Investment Description
  • African Development Bank (AFDB)
Contact Information

MAKASA Davies Bwalya
d.makasa@afdb.org 

ACCOUNTABILITY MECHANISM OF AfDB

The Independent Review Mechanism (IRM), which is administered by the Compliance Review and Mediation Unit (CRMU), is the independent complaint mechanism and fact-finding body for people who have been or are likely to be adversely affected by an African Development Bank (AfDB)-financed project. If you submit a complaint to the IRM, it may assist you by either seeking to address your problems by facilitating a dispute resolution dialogue between you and those implementing the project and/or investigating whether the AfDB complied with its policies to prevent environmental and social harms. You can submit a complaint electronically by emailing crmuinfo@afdb.org, b.kargougou@afdb.org, b.fall@afdb.org, and/or s.toure@afdb.org. You can learn more about the IRM and how to file a complaint at https://www.afdb.org/en/independent-review-mechanism/