Gabon road project launches
5 August 2009
The first phase of a major road project in Gabon was launched today.
Linking Yaounde, Libreville and Brazzaville, the route is the largest of its kind the African Development Bank Group has ever financed.
The organisation will provide the funds for 90 per cent of the total CFAF186 billion cost of the project - which will cover around 24 per cent of the Gabonese territory.
It is believed the route will promote the development of industry and tourism, as well as food and livestock trade.
"The road project will enhance economic growth and improve living conditions of rural dwellers," explained the AfDB.
"It will facilitate the supply of agricultural inputs and manufactured goods."
The second stage of the project launch will take place on August 7th.
One of the main goals of the AfDB is to help reduce poverty and improve living conditions for Africans.
It strives to achieve this by mobilising resources for the continent's economic and social growth.