Development Bank of Southern Africa lends USD 71mn for Zambia road upgrades.

By bne IntelliNews May 18, 2011
The Development Bank of Southern Africa (DBSA) has extended USD 71mn to Zambia's National Road Fund Agency to finance the upgrade of five major roads in the country, the Times of Zambia newspaper reported. The released amount is part of the USD 262mn loan extended by the DBSA for works on five priority roads: Chipata-Lundazi, Kalulushi-Lufwanyama, Kabompo-Chavuma, Mumbwa-Landless Corner and Senanga-Sesheke, the newspaper said. Established in 1983 by the government of South Africa, the Development Bank of Southern Africa (DBSA) is an infrastructure development finance institution.

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