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Infrastructure Projects in Europe

  • World Bank pumps US$100 million into Kariba Dam

    SWEDEN, 2014/12/17 The Kariba Dam Rehabilitation Project received a US$100 million cash injection this week. The World Bank’s Board of Executive Directors approved a US$75 million International Development Association (IDA) Credit and a US$25 million grant from the Government of Sweden to Zambia for the project. The project, with total financing of US$300 million, is being co-financed by the African Development Bank and the European Union and will help the Zambezi River Authority, which is responsible for the management of the Kariba Dam, to reshape the dam’s plunge pool and refurbish its spillway, inclunding improve dam operations in order to bring it up to international safety standards.

  • EU Financed Nearly 50% of Road Network in Gambia

    EUROPEAN UNION, 2014/11/13 "The European Union financed a total of 76.5 million euros (equivalent to around four billion dalasis) for the rehabilitation and construction of 273 km of road in The Gambia. This is nearly 50% of the paved road network of this country," said Ms Agnes Guillaud, the Chargee d'Affaires of the Delegation of the European Union (EU) to The Gambia. Ms. Guillaud said this at the inauguration ceremony of the EU funded Sofanyama Bridge on 30 November 2014. The EU Chargee d'Affaires gave a breakdown of what the 76.5 million euros had financed in terms of the rehabilitation and construction of roads with 48.5 million euros coming from the 9th EDF, 40.5 million euros from the Gambian National Indicative Programme, three million euros from the Senegalese National Indicative Programme to cover the trunk road from Sabi to Velingara, and five million euros from the ECOWAS Regional Indicative Programme as part of the regional integration of Western Africa.
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