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W/Bank gives Ethiopia $320m for road maintenance

February 23, 2014



The World Bank has approved $320 million in credit to Ethiopia for inter-city roads projects across the country, the Addis Ababa Standard reported.The World Bank funds would complement the country's $385 millionRoad Sector Support Project being executed by the government with a contribution of $65 million in line with its Growth and Transformation Plan (GTP) to support economic expansion by improving the quality of roads serving areas producing exportable agricultural products.

The report published on Sunday, said the project would assist Ethiopia achieve its goal of halving the proportion of the population living below the poverty line to match the strong economic growth by improving on social and human development.

According to the report Guang Zhe-Chen, World Bank Country Director for Ethiopia said the project was an important part of the bank's mandate in the country, which he said when completed would enhance trade, create new markets, and provide improved access to education, medical services, and food security to the country's poor.

The Ethiopian government had formulated the first phase of the Road Sector Development Program (RSDP) in 1997 with road network growing from 26,550 kilometers to 85,966 km, while roads operating in good condition rose from 20 percent to 70 percent.

The report said the funds would be used to execute projects covering 258 km of Nekempte - Bure road, expected to link the Oromia and Amhara regions and enhance the country's road asset management practices by supporting the maintenance of selected roads covering about 200 km.

The government will finance a similar 200km of road under a parallel financing.


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Source: Agence de Presse Africaine


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