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Signature(s)

Amount
€ 80,000,000
Countries
Sector(s)
Zambia : € 80,000,000
Transport : € 80,000,000
Signature date(s)
8/12/2011 : € 80,000,000
Link to source

Summary sheet

Release date
24 August 2010
Status
Reference
Signed | 08/12/2011
20090648
Project name
Promoter - financial intermediary
Great East Road Rehabilitation Project

Contact point: RDA, Mr Elias Mwape, Chief Engineer – Planning
Phone +260 211 253 088 or +260 211 253 002/ Fax: +260 211 253 404 e-mail: emwape@roads.gov.zm.

Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 80 million.
Indicative amount: EUR 250 million.
Location
Sector(s)
Description
Objectives

Improvement of about 360 km of single carriageway highway on the Great East Road connecting central Zambia to its eastern province, as well as into the “Nacala Development Corridor”, a regional transport corridor linking Malawi and Zambia to the deep water port of Nacala in Mozambique.

The project is expected to generate savings in vehicle operating costs and travel time as well as reduce the risk of road accidents. The project feeds the Nacala Corridor, which, when fully upgraded, will offer a significantly shorter route to/from the sea for Zambian imports and exports than other existing routes through South Africa and Tanzania. The EIB contribution is expected to include the works for developing a dry port (road-rail interconnector) in Chipata.

Environmental aspects
Procurement

An EIA procedure, in accordance with applicable standards, was undertaken and submitted to the Competent Authority (Environmental Council of Zambia, ECZ) for approval. In its letter dated 9th July 2010, the ECZ approved the present project.

The promoter is a public authority and, if operating as a contracting entity in the EU, would be subject to the provisions of the public procurement Directive 2004/18. The promoter will therefore be required to undertake procurement in accordance with the EIB Guide to Procurement which imposes the main mechanisms of the EC Directives.

Link to source

Disclaimer

Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).

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Alternatively, the EIB can be contacted through its external offices.
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The EIB has a zero tolerance policy on fraud or corruption. To report allegations of fraud and corruption relating to EIB-financed projects, please contact the Fraud and Investigation division. All complaints will be treated as strictly confidential and handled in line with the EIB investigation procedures and the Anti-Fraud Policy.

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