The Board of Directors of the African Development Bank Group has approved a loan of $196.43 million for Namibia to implement the second phase of its Transport Infrastructure Improvement Project (TIIP).
The loan, approved on 31 October 2023, represents 51.8 percent of the project’s total cost. The Namibian government will provide the remaining 48.2 percent.
For more information, please see https://www.ecofinagency.com/finance/0111-45006-namibia-afdb-approves-196-million-loan-to-modernize-railway-infrastructure
