Malawi - Mchinji-Kasungu-Msulira Road

In September 1985, the Bank financed the feasibility and detailed engineering design of the project and the project was appraised in August 1990 by a team of two experts comprising a Transport Engineer and a Transport Economist. The loan conditions were negotiated and there were no issues of disagreement raised by the Bank or the Borrower concerning the project. The loan amount of ADF: UA 15.10 million was approved on 18th December 1990, and signed on 31st January 1991. Due to increase in cost of materials during implementation, additional funds through a Supplementary loan for an amount of UA 6.60 million was approved in October 1997, to meet the additional costs of construction and supervision for completion of the project.