Release date: 3 October 2018
Promoter – Financial Intermediary
ROADS AUTHORITYLocation
Description
The project consists of a multi-scheme road operation for the rehabilitation of about 347 km of the single carriageway M1 road in Malawi with no changes to the existing alignment. The project includes the civil works along five distinct road sections identified from north to south as follows: Karonga-Songwe (46km); Kecheche-Chiweta (66km); Jenda-Mzimba (47km); Kasungu-Jenda (86km); Kamuzu International Airport (KIA) - Kasungu (102 km), in addition two technical assistance components are included for project implementation and monitoring during the project cycle.
Objectives
The objective of the project is to improve food security, access to trade and essential services through the provision of basic road infrastructure by providing a reliable and durable M1 road integrated into the Common Market for Eastern & Southern Africa (COMESA) North-South Corridor. The project is expected to increase the traffic safety and security of the M1 road.
Sector(s)
- Transport - Transportation and storage
Proposed EIB finance (Approximate amount)
EUR 134 million
Total cost (Approximate amount)
EUR 191 million
Environmental aspects
The main environmental and social impacts for the project include resettlement of households and businesses, vegetation loss and increased safety risks and nuisance to the public during construction. Preliminary assessments have not indicated the presence of threatened species in the area of the road corridor and, given that this is an existing road corridor, the overall impact on fauna and flora is considered low with the implementation of mitigation and compensatory measures. The residual impact after compensatory and mitigating measures is expected to be limited and adequately addressed in the project's management plans.
Procurement
The Bank will require the promoter to ensure that implementation of the project will be done in accordance with the Bank's Guide to Procurement.
Status
Signed - 22/10/2019
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).