₵ediland Forum

Welcome, Guest: Join Cediland / LOGIN! / Profile / #Trending
Stats: 99 members, 46 topics. Date: Friday, 23rd August 2019. Time:10:12:04pm

 

African Development Fund approves $81.67m for Eastern Corridor road

Cediland Forum / African Development Fund approves $81.67m for Eastern Corridor road / Category / Business / African Development Fund approves $81.67m for Eastern Corridor road

Free SHS should not solely be funded with petroleum revenue – PIAC / Cocoa producers and buyers fail to agree on US$2,600 floor price / 25% of Ghanaians earn GH¢400 or less – SSNIT explains low pensions / Nigerian traders have special trading skills, deportation not answer – Kumasi Tycoon / UK urged to help revive defunct Kumasi factories /

(0) (Reply)

African Development Fund approves $81.67m for Eastern Corridor road by : 7:16 am On July 3, 2019

The African Development Fund (ADF) has approved $81.67 million loan facility to co-finance sections of the 695-km Eastern Corridor road in Ghana, linking the capital Accra with the northern hinterland and across the borders to the Sahel region.

The decision was taken by the African Development Bank (AfDB) Group’s Board of Directors meeting on Wednesday and copied to the Ghana News Agency.

According to the release, other lenders for the project were the Opec Fund for International Development, the Ghanaian Government and the Japan International Cooperation Agency (JICA), which was financing a connecting bridge across the Volta River.

The $113.27 million project covers over 60-km of roads, two interchanges and related civil works incorporating community support initiatives to help improve livelihoods in the catchment area.

The release said the project included rehabilitation of schools and health facilities, construction of markets and agro-processing facilities for livestock, fish, cassava, fruits and cereals, in addition to skills training.

Marie-Laure Akin-Olugbade, Bank Director for West Africa told the Board during her presentation that “this interconnectivity will enhance inclusiveness to stimulate socio-economic development, facilitate trade and promote regional integration.”

She said the project would address the needs of an estimated 230,000 people and impact the lives of over 5.4 million inhabitants by reducing travel and transit time, support education and health services delivery while agricultural potentials of the rural areas would be transformed.

“With this project, we hope to turn rural areas from areas of economic challenges to economic prosperity and bread baskets,” she said, adding that about 1,500 direct jobs would be created.

The release said upon completion, the stretch would be tolled and axle-weighing facilities provided to control overloading.

Mam Tut Wadda, Task Manager, said the project would build on the successful Bank-financed Fufulso-Sawla Project in northern Ghana.

She noted that the Bank’s leadership role in transport infrastructure development in Ghana had stimulated interest and alliances with several development partners in the country.

Akinwumi Adesina, President of the Bank, welcomed the strong collaboration with JICA and OFID and the opportunities for setting up of Special Agro-Industrial Processing Zones along the Eastern Corridor.

In approving the loan, Board members noted that the project was in line with the Bank’s ten-year strategy and three of the “High 5” priorities and called on the government of Ghana to ensure a successful implementation of the project and its sustainability when completed.

In December 2017, the ADF granted Ghana a concessionary loan of $39.01 million to finance the Savannah Zone Agricultural Productivity Improvement Project.

The Project is to be implemented over a five-year period from 2018 to 2022.

 

Source; GhanaNewsAgency

Sharing is Caring

Reply

Please Observe The Following Rules:

1. Please post all threads in the right section, and don't derail threads by posting off topic.

2. Don't abuse, bully, deliberately insult/provoke, fight, or wish harm to Cediland members OR THEIR TRIBES.

3. Don't threaten, support or DEFEND violent acts against any person, tribe, race, animals, or group (e.g. rape).

4. Discussions of the art of love-making should be restricted to the hidden sexuality section.

5. Don't post pornographic or disgusting pictures or videos on any section of Cediland.

6. Don't say, do, or THREATEN to do anything that's detrimental to the security, success, or reputation of Cediland.

7. Don't post false information on Cediland Forum.

8. Don't use Cediland Forum for illegal acts, e.g scams, plagiarism, hacking, gay meetings, incitement, promoting secession.

9. Don't violate the privacy of any people e.g. by posting their private pics, info, or chats without permission.

10. Don't create distracting posts with: ALL WORDS BOLD / huge font sizes / ALL CAPS / distracting imagesspaces, etc.

11. Please search the forum before creating a new thread on Cediland.

12. Don't attempt to post censored words by misspelling them.

13. Don't spam the forum by advertising in the wrong places or posting the same content many times.

14. Please spell words correctly when you post, and try to use perfect grammar and punctuation.


You must be logged in to post a comment.

(0) (Reply)

Free SHS should not solely be funded with petroleum revenue – PIAC / Cocoa producers and buyers fail to agree on US$2,600 floor price / 25% of Ghanaians earn GH¢400 or less – SSNIT explains low pensions / Nigerian traders have special trading skills, deportation not answer – Kumasi Tycoon / UK urged to help revive defunct Kumasi factories /

1 User Viewing this topic:
Users: 1 Guest