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- Maputo Roads Development Project - Additional Loan
Maputo Roads Development Project - Additional Loan
Mozambique
Borrower | Mozambique |
Financing Type | Public Sector |
Instrument | Project Loan |
Focus Area | Transportation |
Approved | 16.12.2008 |
Signed | 09.02.2009 |
Status | Completed |
Loan Administrator | BADEA |
Executing Agency | Municipality of Maputo |
Co-financiers | Government |
OPEC Fund Contribution (US$m) | 1.50 |
Total Project Cost (US$m) | 1.63 |
This loan will help cover a funding gap for an OFID-co-financed project that was approved in 2004 to rehabilitate and construct 42.5 km of roads in Maputo city center and suburban districts. Soaring construction materials prices have necessitated additional funding to insure that the works can be completed, albeit on a reduced scale. The revised project will rehabilitate 34 km of internal roads, including a section of the Lusaka Road. The refurbished road will afford the population swifter, easier access to marketplaces and social services. In addition, improved traffic flow within the city will enhance road safety and reduce transport costs, ultimately helping to boost socio-economic development.