GoDubai
  
  
  
  
Citylife > Press Release
  Home Contact us Add to Favourites
Most Recent Postings
More Press Releses
Featured Sections

Event Finder
A daily roundup of exhibitions, promotions and other events in Dubai and the rest of the Emirates.
Submit an Event
Latest Dubai Press Releases >> Government, Legal

 
  Share

Loan to upgrade the strategic Uvinza-Ilunde-Malagarasi Road

Abu Dhabi, United Arab Emirates, 02 April 2018:  Abu Dhabi Fund for Development (ADFD), the leading national entity for development aid, has extended a concessionary loan valued at AED55 million to the Government of the United Republic of Tanzania (Tanzania) to finance the upgrade of 51km of the Uvinza-Ilunde-Malagarasi Road. 

The funded project is an extension to Kidaho - Ovinza Road which was funded in 2009 by ADFD as a concessionary loan worth AED169 million.

His Excellency Mohammed Saif Al Suwaidi, Director General of ADFD, and His Excellency Eng. Mussa Ibrahim Iyombe, Permanent Secretary to the President's Office Regional Administration and Local Government, signed the loan agreement at the ADFD headquarters in Abu Dhabi.

The signing ceremony was also attended by His Excellency Mubarak Nasser Mubarak, Ambassador of Tanzania to the UAE and Khalifa Abdullah Al Qubaisi, Deputy Director General of the Abu Dhabi Fund for Development, along with several other officials from both sides.

Aimed at enhancing the socio-economic status of rural populations, especially in the Kigoma Region, the Uvinza-Ilunde-Malagarasi Road upgrade project seeks to improve the transportation network between former capital Dar es Salaam and the lake port town of Kigoma.

Set to boost domestic connectivity between villages and cities, as well as international connectivity with neighbouring countries, such as Burundi and the Democratic Republic of the Congo, the project supports the Tanzanian government's strategic objective to become East Africa's industrial and logistics hub.

His Excellency Mohammed Saif Al Suwaidi said: 'The agreement reflects ADFD's priority to support development projects across vital economic sectors in developing countries, especially the roads and transport sector.

The Uvinza-Ilunde-Malagarasi Road upgrade is an important venture that aligns with Tanzania's efforts to become a semi-industrial country and improve the living standards of its citizens.

We are confident that the project will translate into a positive socio-economic impact, and enable the Tanzanian government and people to fulfil their development aspirations.'

Applauding the synergy between ADFD and Tanzania, His Excellency Eng Mussa Ibrahim Lyombe expressed appreciation for ADFD's significant role in financing strategic projects that contribute to the economic and social development of Tanzania.

He also noted that the Government of Tanzania is eager to enhance collaboration with the UAE and ADFD, particularly in infrastructure and other sectors given their crucial role in promoting sustainable development.

He added that the Fund's financial support for infrastructure projects, especially in the transport and water sectors, enable the Tanzanian government to overcome the development challenges they face. 

The project involves the reconstruction and upgrade of a 51 km, 6.5 m wide single-lane carriageway with 1.5 m wide internal and external shoulders that connects the towns of Uvinza and Ilunde with the town of Malagarasi.

n addition, ADFD is providing consultancy services for the detailed design and supervision of the works that include the construction of small crossing bridges, culverts and service ducts.

ADFD's contribution to the development of Tanzania dates back to 1977. Since then, the Fund has allocated AED233 million to finance several projects that serve strategic sectors in the East African country.

 



Posted by : GoDubai Editorial Team
Viewed 5937 times
Posted on : Tuesday, April 3, 2018  
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of GoDubai.com.
Previous Story : ‘Public and private sector need to operate in new ways'
Next Story : Dubai's trade for hardware and tools valued at AED4.8 billion in 2017 – Dubai Customs
Email this article Print this article

Share this article with your friends and followers
NewsVine

Comments

Back to Top  
Most Viewed Press Release posted in the last 7 days
Make Up for Ever Introduces for the First Time Its New Active Care-in-foundation...
Olay Eyes Hydra Gel
Maillon De Cartier Watch
LG Prioritizes Home Comfort With Latest Air Conditioners for GCC Market
6 Steps X 6 Products from Essence: The Shortcut that Perfects Skin - Now more th...
Kristina Fidelskaya A/W 2020 Collection “Dream”
Eid Gifts From The Body Shop
Ralph Lauren Expands Its Earth Polo Offering, Reinforces Commitment to Protectin...
Happy Eid with Parmigiani Fleurier Toric Fleur
Vatika Focuses on Making Quarantine a Quality Time With New Viral Campaign
Your at-Home Spa Guide With Skin Republic
Sony Middle East & Africa Launches New Compact 4K Handycam® Camcorder with Advan...
Dubai Sports Council Thanks Wise Leadership for Its Protection and Care of the C...
UAE Banks Among Top Performing in GCC, KPMG Report Finds
Dubai Customs: Strategic Plan to Curb Corona
Etihad Guest Rewards Members While Staying Home
Denim Culture
Etihad Holidays to Be Operated by Dnata Travel Group In the UK
Mohap Hails Family Doctors' Efforts in Countering Covid-19 Crisis
Pure Health Launches Covid-19 Field Laboratory at Sharjah Expo Centre
Celebrate Father's Day With Parmigiani Fleurier Tondagraph Slate
Lenovo's Tech Gift Guide
First Range Rover Made Under Social Distancing Measures Comes Off Jaguar Land R...
Made in Italy, ICSA® Issues a Notification of Counterfeit Products Found in the ...
Karl Lagereld Drives Digital Innovation With Launch of the “Maison Karl Lagerfe...
Emirates Post Launches ‘Epostcard' to Connect Friends and Families
Instagram Partners with TBWA Raad and Egyptian Food Bank to #Stopfoodwaste
Covid-19 Disruption Will Lead to 28 Million Surgeries Cancelled Worldwide
Etihad Airways Increases Number and Frequency of Special Flights Worldwide
IATA Outlines Layered Approach for Industry Re-Start
Union Coop Launched ‘Drive Thru' Shopping Service
Ralph Lauren: How to master the art of tie-dye. #RLatHome
Abu Dhabi University Creates Face Shield Prototype to Support the Local Healthca...
MHPS Captures Global Gas Turbine Market Share Leadership Again
Dubai Chamber and Al Tamimi & Co discuss Covid-19 and Force Majeure in the UAE
Emirates Sets Industry-leading Safety Standard for Customers Travelling as It Re...
Keeping Mobile Networks Running Top Priority During COVID-19 Pandemic
Commodity Weekly: Gold and Silver Pop as Economic Clouds Darken
Jaguar Land Rover Special Vehicle Operations Reports Fiscal 2019/20 Retail Sale...
OMEGA Adds Full Gold Models to The Speedmaster 38 mm Collection
ENEC Completes Significant Test for Unit 4 at Barakah
SRTI Park Discusses Reality, Future of Research and Development in Arab Region
Introducing the Marks & Spencer Summer Edit
Jameel Institute at Imperial College London Launches New Tool to Help Hospitals ...
Arabian Automobiles Welcomes the All-New 2020 Nissan Sunny
Give the Gift of Time and Convenience This Eid With Lg Electronics
Abu Dhabi Early Childhood Authority: How to Help Your Children Thrive With Remot...
What Narcolepsy Is and How to Cope With It
UAE Develops a Rapid Coronavirus Laser Testing Technology
Twitter Launches ‘Heroes of Good' Campaign to Celebrate the Spirit of Ramadan