afrol News, 13 February - The African Development Bank has approved US $61 million in loan and grant for the rehabilitation of key roads in Burkina Faso. The fund will be directed to the rehabilitation of the Koupela-Bittou-Cinkanse-Togo Border road and the Mogande Access Road, the bank has announced in a statement.

The AfDB said the project seeks to improve the efficacy of the transport supply chain, the living conditions of people in the area as well as help in opening up the central-eastern parts of the country.

“It will also improve transport sector efficiency and movement of goods and services,” AfDB said.

According to the statement, the rehabilitation of the Koupela-Togo border road will complement the Ouagadougou-Koupela section, which was built with European Union financing. The route is reported to be an important corridor for shipment with almost 95 percent of the country’s imports shipped through the port.

“It is the principal road corridor for the country’s imports among the five access corridors to the maritime ports of the country’s coastal neighbours,” AfDB said in the release.

The statement said the roads rehabilitation project is in line with the Bank Group’s operations strategy for Burkina Faso, which focuses on the diversification of the economy and the improvement of the living conditions of the population.

The total project cost is estimated at $104 million. The German Development Bank (KfW) and the Burkinabe government will provide the remaining amount for the completion of the project.

By staff writer

© afrol News

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