Southern Africa
AfDB Approves Loan For Namibia Rail Project
The US$196.4 million loan will fund 207km of new track.
The African Development Bank (AfDB) has approved a US$196.4 million loan for Namibia to implement the second phase of its Transport Infrastructure Improvement Project (TIIP).
The loan, approved on 31 October, covers 51.8% of the project’s total cost. The Namibian government will provide the remaining 48.2%.
The second phase of the TIIP
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