Cote d'Ivoire: AfDB commits US $3.50m to IGAD infrastructure master plan

Abidjan, Cote d'Ivoire (PANA) - The eight-nation Inter-Governmental Authority on Development (IGAD) has secured a US $3.50-million grant from the African Development Fund (ADF), the concessional window of the African Development Bank Group, to finance the its Infrastructure Master Plan (IRIMP).

The AfDB said on Wednesday that the project, to be completed in 38 months, seeks to establish regional infrastructure development priorities for the IGAD region, comprising Djibouti, Eritrea, Ethiopia, Kenya, Somalia, South Sudan, Sudan and Uganda, in order to enhance regional physical and economic integration, by promoting trade, movement of goods and persons and poverty reduction among the countries.

It will define priority regional infrastructure transport, energy, ICT and transboundary water projects for investment, to spur a broader positive socio-economic development impact.

Target areas would include physical and economic integration; job creation; enhanced opportunities for women (particularly in easing cross-border trade); increased business opportunities; improved access to infrastructure services; and improved the quality of life of the majority of the population in the IGAD region.

The IRIMP is one of the deliverables under the “IGAD Minimum Integration Plan/Road Map” towards creating a Free Trade Area (FTA) in the region, approved in Nairobi, Kenya, in 2010 and the wider “Horn of Africa Initiative (HOAI).

For IGAD, which lacks a regional infrastructure master plan and a prioritized consensual infrastructure development programme, the Bank’s intervention in this regard responds to a defined priority need of the governments which will serve to consolidate and enhance regional integration, the AfDB said..

The total project cost is estimated at US $3.69 million to be financed by the US $3.50 million ADF grant from the Bank’s Regional Operations envelop and Regional Public Goods (RPG) window; and US $0.19 million IGAD Secretariat counterpart funding.
-0- PANA AR 15Feb2017

15 february 2017 19:31:32




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