Friday, 27 September 2013

Rwanda: Arab Bank for Economic Development in Africa injects $10m in road project

m_Arab Bank for Economic Development in Africa injects $10m in road project

Arab Bank for Economic Development in Africa (BADEA) has injected $10 million in offsetting the rehabilitation of Huye-Kitabi road project in Rwanda.

The Huye-Kitabi road rehabilitation project will be co-financed by BADEA, Saudi Fund as well as the OPEC fund to a tune of US$ 36million.

The financing agreement was signed between the BADEA and the government of Rwanda on September 26, 2013.

Speaking at the signing ceremony the permanent Secretary and the Secretary to Treasury (PS/ST) Pitchette Kampeta Sayinzoga noted that construction of the road would enhance access to production areas, facilitate socio- economic development through fostering agriculture and tourism.

“Construction of Huye-Kitabi road will contribute towards our overall goals as stipulated in EDPRS2,” PS Kampeta said.

The director General of BADEA Abdelaziz Khelef said that he is convinced of the importance and usefulness of the Huye-Kitabi road project in developing the economy of Rwanda.

“We hope this project will promote regional integration and contribute to regional trade by providing easy access for land locked countries in the region to the seaports,” Abdelaziz Khelef said.

The project falls within the government program for the development of the transport sector in the country and aims to raise the level of the national road network, expansion and integration of asphalt road in the country.

The project will link administrative areas to economic centers which will contribute to the economic and social development in the country.

Construction of the 53-kilometer road will be implemented by Rwanda Transport Development Authority under the supervision of the Ministry of Infrastructure and is expected to be completed in 2017.

This classified road, which is part of Rwanda’s primary road network, links the capital, Kigali, to the West and South of the country.

It is an international highway, which is also the main access road to the East of the Democratic Republic of Congo (DRC) for the supply of most food and manufactured products to Bukavu Region

BADEA’s total commitments to the Republic of Rwanda stand, as of to-date, at approximately US$ 87 million. The cooperation between BADEA and Republic of Rwanda started in 1975 and continued to grow ever since.

Arab Bank for Economic Development in Africa and the Government of Rwanda have numerous partnerships where the latter has supported the government in several sectors such as road construction, energy and rural development.

Rwanda: Arab Bank for Economic Development in Africa injects $10m in road project


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