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Abu Dhabi / WAM
Abu Dhabi Fund for Development (ADFD), the leading national entity for development aid, has extended an AED55 million ($15mn) concessionary loan to the government of Tanzania to finance the upgrade of 51km of the Uvinza-Ilunde-Malagarasi Road. The funded project is an extension to Kidaho – Ovinza Road which was funded in 2009
by ADFD as a concessionary loan worth AED169 million.
The Uvinza-Ilunde-Malagarasi Road upgrade project seeks to improve the transportation network between former capital Dar es Salaam and the lake port town of Kigoma. Set to boost domestic connectivity between villages and cities, as well as international connectivity with neighbouring countries, such as Burundi and the Democratic Republic of the Congo, the project supports the Tanzanian government’s strategic objective to become East Africa’s industrial and logistics hub.