News
31 October 2024

Namibia delays funding for rail projects

In:
Infrastructure
Region:
Middle East & Africa

Namibia has moved funding allocated for railways in its 2024 budget to other projects. NAD2.1 billion ($119 million) will be reallocated due to low execution rates on capital projects. For the 2024/25 financial year, the government initially allocated NAD2.5 billion towards railway...

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