Cote d'Ivoire: AfDB funds road project for economic diversification in Comoros

Abidjan, Cote d'Ivoire (PANA) - The African Development Bank (AfDB) Group announced on Thursday a US $20.4-million road network rehabilitation project grant to help the Union of Comoros Government to diversify the island nation's economy.

The project will be implemented in four years to 2020 in the islands of Grande Comore and Anjouan, which account for 94% of the country’s population of about 756,000.

According to the AfDB's statement, the project will focus on improving the quality of key roads infrastructure on the National Road-2 and Road-23 to boost trade and spur economic growth.

The road network rehabilitation will improve traffic flow and the movement of people as well as access to basic services and the living conditions of the population.

Economic activities in the Comoros are ainly in the agricultural and tertiary sectors. However, the poor quality of infrastructure, especially roads and related services, has been identified as  one of the major constraints to economic diversification in the country.

The Bank said that improvement and extension of the national road networks would also help to develop the tourism and fisheries sectors which are potential growth poles for the national economy.

The project comprises rehabilitation of a 47 km stretch; protection against sea erosion; support measures for women’s empowerment and institutional capacity building using procurement and institutional reform specialists.

It will be funded with the African Development Fund (ADF) and European Union grants over four years at a total cost of US $36.5 million.
-0- PANA AR 26Jan2017

26 يناير 2017 19:36:30

xhtml CSS