The World Bank has awarded Zambia and Tanzania a 270 million-dollar grant to strengthen transportation and commercial links.
According to Achim Fock, World Bank Country Manager for Zambia, the project represents a substantial investment to regional commerce and transportation.
According to him, the money would help to boost transportation and commercial connections between the two nations along the Dar es Salaam corridor as part of the six-year Transport Corridors for Economic Resilience initiative.
He stated that the transport corridors will boost the efficiency, connectivity, and climate resilience of critical regional transport and commercial routes in eastern and southern Africa.
“By focusing on strategic improvements and climate resilience, we hope this will pave the way for a more robust and sustainable economic future for Zambia and its neighbors.
“The transport and logistics sectors are expected to experience a boost from targeted activities aimed at institutional and sectoral capacity building,” he said.
The announcement claims that 2.5 million individuals in Zambia are anticipated to gain from the initiative.
The project would also restore the Serenje-Mpika portion of the corridor and establish a one-stop border station in Nakonde, a town on the Tanzanian border.
It would also address the issues of insufficient commerce and transportation facilitation networks, it stated.
