Written on January 20, 2010 at 10:04 pm by
The African Development Bank (AfDB), on 15 January 2010, signed a Loan Agreement with the Government of Ethiopia to finance the Mombasa-Nairobi-Addis Ababa Road Corridor Project Phase II.
The loan for an amount of Units of Accounts (UA) 85 million, representing USD 125.6 million, was signed by Mr Sufian Ahmed, Minister of Finance and Economic Development, representing the Government of Ethiopia and Mr Lamin G. Barrow, AfDB Resident Representative, Ethiopia Country Office, representing the Bank.
…The road is an important section of the Trans-African Highway Network and aims at improving transport links between Kenya and Ethiopia for the benefit of both countries and the wider East Africa and Horn of Africa regions.
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AllAfrica
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