The financing agreement was signed by
The road will connect Huye, Nyamagabe, Rusizi and Nyamasheke districts in both the Western and Southern provinces of
"This is a concessional loan repayable in 30 years with a 10-year grace period and an interest rate of one per cent," said minister Gatete.
He added that since the road connects two borders, it will help boost cross-border trade as well as access to production zones and markets, especially for agricultural products.
"Once this road is complete, it will foster socio-economic development particularly through the development of agriculture and tourism," Gatete said.
Speaking after the signing, Eng. Al- Bassam said: "We are happy to contribute towards infrastructure development of
The Kitabi-Huye road project which is linked to Kitabi-Congo-nil road, has already secured financing from Badea worth
The loan will cover the total cost for the construction of the entire road.
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