WB supports road infrastructure project in Liberia

28 July 2011


The World Bank has just granted a loan facility of 250 million dollars to Liberia to finance a vast road rehabilitation project.

The minister of Finance, Augustine Ngafuan, who signed the funding agreement last weekend, believes that this is an "important step forward in the efforts of Liberia towards reducing poverty in the country".

The works concern 249 km of road linking Monrovia to Gbarnga and Ganta, reports the WB press release, quoted by the Xinhua press agency. The project also includes road maintenance for a period of ten years.

This funding follows the consultation meeting on the electricity interconnection project between Liberia, Guinea, Ivory Coast and Sierra Leone, attended by the World Bank.

The cost of this connection is estimated at 400 million dollars and, for the Guinean minister in charge of Energy, Papa Kourouma, quoted by AfricaGuinee.com, this project will provide a lasting solution to the problem of energy supply in the countries concerned.
 


Categories: Transport, Energy

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