Rwanda: OPEC Fund grants $18 million loan for road project between Kigali and northern regions
By Ibrahima DIALLO
21 May 2022 / 13:40

Quality road connectivity is essential to overcome Rwanda's landlocked situation. Ongoing road projects aim, among other things, to consolidate the link between production areas and the consumer market further south.

Rwanda has secured a loan worth $18 million from the OPEC Fund for International Development (OFID) for the construction of the road linking Nyacyonga to Mukoto.

This is part of the $41 million needed to implement the 36 km project, which is co-financed by the Arab Bank for Economic Development in Africa (BADEA) and the government of Rwanda.

Currently gravelled, the section linking the two localities connects two major tarmacked national roads from the north of Kigali, the capital, to the northern provinces.

« Rwanda is a landlocked and densely populated country in East Africa. Regional integration and international trade are essential to support economic activity and sustainable economic growth. ", specifies OFID.

The construction of this infrastructure will increase connectivity and promote economic livelihoods, particularly in the agriculture, agro-industry, mining and tourism sectors.

 

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