The Malawi Government is implementing the Multinational Nacala Road Corridor Development Project- Phase Vwith financing from the African Development Bank (AfDB) and the European Union (EU). The project which is being implemented by the Roads Authority (RA) will rehabilitate 55km of Nsipe-Chingeni Liwonde Project.
The project contractor is Jiangxi Construction Group and the site has recently be handed to him.
The development objective of the project is to contribute to regional integration and trade facilitation for Malawi, Mozambique, and Zambia. Specifically, the project will contribute to the reduction of transportation costs along the Nacala Road Corridor, which is expected to enhance Malawi’s trade competitiveness.
The total project cost is UA 45.289 million out of which the Bank will contribute UA 26.6 million (59%), the EU will contribute UA 15.121 million (33%), and the GoM will contribute 3.568 million (8%).