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In a letter sent to the World Heritage Centre in Paris, the Department of Natural Resources and Tourism says the 50km (30-mile) section of road across the park will "continue to be managed mainly for tourism and administrative purposes, as it is now".
BBC: Serengeti road scrapped over wildlife concerns
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But this affair, besides its spectacular scale, coincides with slumps in tourism and natural resources, the mainstays of the region's poorer countries.
ECONOMIST: The Stanford affair
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Gary Gray joined the cabinet as minister for resources and energy, tourism and small business, replacing Martin Ferguson.
BBC: Australian PM Gillard in reshuffle after 'unseemly' vote
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The company, known as Planetary Resources, is also backed by space tourism pioneer Eric Anderson, X-Prize founder Peter Diamandis, Ross Perot Jr, son of the former US presidential candidate, and veteran astronaut Tom Jones.
BBC: Plans for asteroid mining emerge
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Tuesday's announcement comes nine months after the unveiling of a similar project by Planetary Resources, a company led by space tourism pioneers Eric Anderson and Peter Diamandis.
CNN: 'Fireflies' to scope out space rocks for mining
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Many in the state consider this good news, but there are perpetual cries that tourism is eroding local culture, infrastructure and natural resources.
ECONOMIST: Planning for change in America's most expensive state
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Leps have so much ground to cover - tourism, hi-tech manufacturing, broadband, accessing EU money - but they haven't got the resources to do it.
BBC: Local Enterprise Partnerships face financial challenge