- Construction Begins on Tanzania's Multibillion 22-Storey Twin Towers in Nairobi
- 2024-25 Budget Speech Highlights the Growth and Priorities of Tanzania's Construction Sector
- More Than 19 Companies To Represent 'Saudi Made' At BUILDEXPO Africa 2024
- Record breaking figures at Kenya's biggest construction trade exhibition
- Kenya Unveils $2 Billion Plan for New Nairobi Airport Project amid Growing Pressure on JKIA
- Tanzania Gives Go-Ahead to Massive Sh80.85 Billion Mbamba Bay Port Construction Project
- KeNHA Unveils Strategic Sh394 Billion Plan to Construct Major Highways in Kenya
- Ruto’s Multi-Million Plan to Host the 2027 Africa Cup of Nations (AFCON) Tournament in Kenya
- Tanzania's Modern Industrial Park Project on Course with 3.5 Trillion Investment
- African Development Bank Greenlights $696.41 Million for Phase 2 of Tanzania-Burundi-DRC SGR
ADB Approves $70m Loan for Road Project in Nigeria
The African Development Bank Group has granted approval of $70m loan for a road project in Ebonyi State, Nigeria. The bank is directly providing $40m, while its co-financier, the Africa Growing Together Fund (AGTF), is contributing $30m.
The current loan is estimated to cover the rehabilitation and asphalting of a 51km stretch between Nwezenvi and N'Doko, and part of the corridor between N'Doko and Ezzamgbo spanning 38.91km.The overall cost of the project comes to a total of $167.60m and the construction is expected to be completed in five years, creating approximately 1,400 jobs during the construction phase.
Posted on : 30 Apr,2019
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