[bsa_pro_ad_space id=1]

Business

GoL, AfDB to sign US$87.87m agreement

The Government of Liberia and the African Development Bank (AfDB) will be signing on Thursday, 27 September a multi-donor funded road project agreement amounting to US$87.87 million.The multi-donor funded road project is under the title “Liberia/Cote D’Ivoire Mano River Union (MRU) Road Development and Transportation Facilitation Program- Phase II,” a press release says.

Specific focus of the project are the asphalt pavement of the 47.1km stretch of road between Sanniquellie and Loguatuo in Nimba County, the asphalt pavement of the 20km road between Fish Town and Kelipo in River Gee County, as well as the construction of a bridge at Loguatuo over the Nuor River and the construction of a Joint Border Post Weigh Station at Loguatuo.

The Project is a continuation of the African Development Bank’s support to the regional integration of the Mano River Union member states (Liberia, Cote D’Ivoire, Sierra Leone and Guinea).

It is also in support of Liberia’s Pro-Poor Agenda for Prosperity and Development and is expected to start in January, 2019 and end in December, 2022.According to the project document, the expected outcomes of the project are reduced transportation costs and travel time, facilitating free movement of goods and services between the two countries, and improving the living conditions of the project area communities.

It says the expected outcomes also include enhancing potentials for agriculture and thereby contributing to poverty reduction, improving road safety, regional trade and integration.–Press release

[bsa_pro_ad_space id=1] [bsa_pro_ad_space id=2] [bsa_pro_ad_space id=3] [bsa_pro_ad_space id=4] [bsa_pro_ad_space id=5] [bsa_pro_ad_space id=6]

NewDawn

The New Dawn is Liberia’s Truly Independent Newspaper Published by Searchlight Communications Inc. Established on November 16, 2009, with its first hard copy publication on January 22, 2010. The office is located on UN Drive in Monrovia Liberia. The New Dawn is bilingual (both English & French).
Back to top button