African Development Bank makes $196m loan to improve Namibia’s railways
4 November 2023
The African Development Bank has loaned Namibia $196m towards the second phase of its Transport Infrastructure Improvement Project (TIIP).
The money accounts for 52% of the total project cost; the rest will be provided by the Namibian government.
The first phase of the work will include building a 207km line close to the existing route between Kranzberg and Otjiwarongo in the north of the country. Some 16 bridges will be built and two stations renovated. The signaling system along the Walvis Bay-to-Tsumeb line will also be modernised.
The second phase will lay around 420km of track.
Leïla Mokaddem, director of the African Development Bank in southern Africa, said: “The project will maximise the benefits and be transformative for the competitiveness of Namibia and assist in attaining the vision of the country as a regional logistics hub by 2030.
“This project will also connect Namibia to Africa’s Copper Belt and achieve regional railway connectivity.”
Related
-
World bank to lend $156m for Guyana’s roads
6 November 2025
-
KEPCO to acquire majority stake in Ireland’s Simply Blue Energy
5 November 2025
-
Vietnam's conglomerate Vingroup proposes $5.3 bln Hanoi-Quang Ninh high-speed rail
4 November 2025
-
Bids in for 10km breakwater at India’s latest megaport
4 November 2025
-
Blackstone firm launches $3bn Saudi data centre venture
4 November 2025
-
Yellow Door Energy signs PPA for Bahrain solar project
4 November 2025


京公网安备
11010802030424号
京ICP备19046776号-2