AfDB invests $806 million in Africa's transport infrastructure
23 December 2010
The African Development Bank (AfDB) is to invest $806 million (£522 million) in improving the transport infrastructure of Africa.
A series of loans and grants will be given to Morocco, Kenya, Ghana, Chad and the Democratic Republic of Congo, among others.
One of the biggest winners from the agreement is the Tangier-Marrakech Railway Line Project in Morocco, which will receive $300 million of the allotted amount.
The money will be used to install a third 148-km track between Zenata and Kenitra, enhance the existing lines and double track the 40-km track from Settat to Marrakech on the Casablanca-Marrakech axis.
Ghana is another nation on the continent to benefit, with $167.4 million going into the Fufulso-Sawla Road Project.
Some 147.5 km of roads will be constructed as part of the development, which will improve accessibility to the Central and West Gonja districts.
The AfDB has also announced $1 billion will be put into the energy infrastructure of the continent.