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World Bank Grants Zambia and Tanzania $270 Million for Transport Upgrade

To greatly enhance commercial and transportation connections between Tanzania and Zambia, the World Bank has awarded much-needed grants totaling $270 million to two countries. As part of a larger endeavour to improve the effectiveness, accessibility, and climate resilience of important regional trade routes in eastern and southern Africa, this significant investment is a component of the six-year Transport Corridors for Economic Resilience project.

The project is primarily focused on the Dar es Salaam corridor, which is an essential route that facilitates the movement of people and products between the two nations. The corridor’s numerous obstacles and inefficiencies will be fixed with the $270 million award. Important road sections should be renovated and upgraded, border crossings should be improved to speed up the flow of cargo, and investments in climate-smart infrastructure that can endure more harsh weather events should be made.

This initiative aims to provide opportunity and economic prosperity for millions of people, not merely to improve roads and borders. This is pointed out by Achim Fock, the Country Manager of the World Bank for Zambia, who says that the project “is a significant commitment to regional trade and transportation.” It is anticipated that the initiative would lower trade costs, increase cross-border commerce, and provide new business prospects by optimizing the flow of commodities. An estimated 2.5 million Zambians are expected to directly profit from this, and beneficial spillover effects are also expected to reach neighboring nations.

In addition, the project takes climate change as a growing danger seriously and builds infrastructure with climate-resilient components. This includes making sure infrastructure can tolerate shifting weather patterns, utilizing weather-resistant materials, and adding drainage systems to stop flooding. The project’s goal is to ensure the transportation network’s long-term viability and defend against interruptions from extreme weather occurrences in the future by incorporating climate resilience into it.

Along with its financial contribution, the World Bank offers the initiative its invaluable technical know-how and experience. To guarantee effective execution and optimize the project’s effects, the Bank will collaborate closely with the authorities in Tanzania and Zambia. Enhance the local organizations in charge of overseeing and maintaining the transportation infrastructure, this involves participating in capacity-building programs.

The project’s success might act as a template for such programs throughout Africa. By showcasing the benefits of funding robust, efficient transportation routes, the project can stimulate more infrastructure development and regional collaboration, ultimately opening the door to a more affluent and connected future for the continent.

Even though the initiative is still in its early stages, the potential advantages are considerable. The World Bank’s $270 million grant has the potential to transform the Dar es Salaam corridor into a vital artery for economic growth and opportunity in both Zambia and Tanzania, with positive ripple effects throughout the region, by addressing transportation bottlenecks, promoting trade, and strengthening climate resilience.

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