Thursday, January 26, 2012

AFDB FORESEES INCREASED REGIONAL TRADE IN IMPROVED MPULUNGU HARBOUR

The African Development Bank will invest 30 million dollars in upgrading Zambia’s Mplungu Harbour infrastructure in Northern Province.
The decision is aimed at improving the country’s accessibility to the Great Lakes regional market.
This project, which will among other priorities address regional development restrictions, was in line with the bank’s medium-term strategy.
The global lending institution is also working with the Ministry of Transport, Works, Supply and Communications to undertake a thorough Environmental Impact Assessment study at Mpulungu Harbour.
AFDB resident representative for Zambia, Freddie Kwesiga says the bank would support infrastructure development at Mpulungu harbour in Zambia and Bujumbura Port in Burundi.
The project would provide for the extension of one of the existing quays by approximately 120 metres with reclamation and paving behind the extended quay at Mpulungu harbour.
Once complete, the project is envisaged to increase economic growth and integration in the region surrounding Lake Tanganiyka.

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