Sierra Leone News, Sierra Express Media, for your trusted place in news!
Page added on April 8, 2012
The African Development Bank Group (AfDB) has approved $250.95 million for road construction projects in Tanzania and Sierra Leone, a statement from the Bank said April 5, 2012.
Under the approvals, AfDB said Tanzania’s government will receive $216.87 million loan from its African Development Fund (ADF) to finance phase two of the country’s Road Sector Support Project. The project, estimated at $329.62 million, comprises upgrading and construction work on the Dodoma-Babati, Tunduru-Mangaka and the Mangaka-Mtambaswala strategic road axes covering 390 kilometers in the eastern and southern parts of the country, respectively.
Sierra Leone, on the other hand, will receive two grants and a loan amounting to $34.08 million to finance the Matotoka-Sefadu Road Rehabilitation project in the central-eastern part of the country, according to the Tunis-based lender.
The funding comprises an $18.59 million grant from the Fragile States Facility, a $10.56 million ADF grant and a $4.93 million ADF loan, it said.
The OPEC Fund for International Development and Sierra Leone’s government will contribute the remaining amount for the project estimated to cost $46.13 million.
By Ekow Quandzie
Stay with Sierra Express Media, for your trusted place in news!
© 2012, Sierra Express Media. All rights reserved.
Search This Site
LATEST NEWS HEADLINES
ALSO IN THE NEWSClosing political office in Sierra Leone, UN shifts focus to long-term development
5 March 2014 – The United Nations today launched a new phase of support in Sierra Leone with the transitioning of its political mission to a more development-focused UN presence, a sign of the West African nation’s sustained recovery from a brutal civil war and an example to follow for countries still grappling with conflict. […]
MORE STORIESExcerpt of an Open Letter to His Excellency, President Ernest Bai Koroma President of the Republic of Sierra Leone
HAVE YOUR SAYShare you views: What would you like to see more/less of on Sierra Express Media? Send us your ideas and include your name and the area you are writing from.
Our New Website Has a More Efficient LayoutWe invite you to give us your feedback
MORE NEWS HEADLINES