Guinea signs agreement with AfDB

The African Development Bank (AfDB) has signed a $50m agreement with Guinea to support the development of a number of new infrastructure projects.

 

 

The loan agreement will cover the building of a road improvement and Transport Facilitation Project in the Mano River Union and includes the tarring of 276km of roads in Guinea, Côte d'Ivoire and Liberia.

 

It will also cover the building of two border checkpoints and the development of social infrastructure such as schools, health centres and bus stations.

 

AfDB Sector Operations Vice-President Aly Abou-Sabaa said that in order to facilitate the projects they had set up a special initiative for the Mano River region.

 

"This priority has become even more urgent following the outbreak of the Ebola crisis in three Mano River Union countries, with significant human cost. This crisis has also clearly slowed down the reconstruction process in the region," he said.

 

Guinea’s Finance and Economy Minister, Mohamed Diare, echoed this sentiment. "After more than a decade of civil wars in the region, Guinea welcomed over one million refugees on its soil before being hit by an unprecedented crisis, the Ebola crisis."

 

The project will increase the volume of trade among the three countries, while strengthening regional integration. It will also help to reduce vehicle operating costs and travel time on the routes involved.