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Investors - DECEMBER 11, 2020

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The World Bank approves $100m for urban transport project in Mozambique

by Released

The World Bank has approved a $100 million grant from the International Development Association (IDA) to support the Maputo Urban Transformation Project in Maputo, Mozambique.

The project will finance critical urban infrastructure investments in the city and support the implementation of municipal reforms.

“This investment will ultimately contribute to harness the role of Maputo as the country’s economic powerhouse by investing in urban infrastructure and services, while supporting critical reforms to ensure that urbanization in Maputo can contribute to economic growth, poverty reduction, and structural transformation,” said Idah Pswarayi-Riddihough, World Bank country director for Mozambique, Madagascar, Comoros, Mauritius and Seychelles.

The project also will tackle two of the greatest challenges the city faces, including the construction of its first sanitary landfill and the decommissioning of the Hulene dumpsite, as well as the implementation of an ur

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