World Bank gives Zambia US$270m

By Paul Shalala

The World Bank has given Zambia 270 million dollars to rehabilitate the Serenje-Mpika road and develop a One Stop Border Post in Nakonde District.

The six-year Transport Corridors for Economic Resilience -TRACER project is a commitment to improve regional trade and transportation between Zambia and its neighbours.

World Bank Country Manager for Zambia ACHIM FOCH says the grant will convert the Zambia – Tanzania corridor into a Safety, Mobility, Automated, Real-time Traffic Management -SMART corridor.

Mr. FOCH says the funding is coming from the International Development Association and aims at improving efficiency, connectivity and climate resilience of key regional transport and trade corridors in Eastern and Southern Africa.

He has disclosed that two point five million people in Zambia will benefit from the project and that other beneficiaries will be in neighbouring Tanzania, the Democratic Republic of Congo –DRC- and Malawi.

And World Bank Senior Transport Specialist AYMEN AHMED OSMAN ALI says the project is expected to address the challenges of inadequate trade and transport facilitation systems, missing and weak infrastructure links.

Mr. ALI says cargo owners and local communities will see the ripple effects of improved transport corridors which will be felt across the region.

This is according to a statement released to ZNBC News by the World Bank Office in Lusaka.

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