Burundi infrastructure could see $5.8bn investment
6 April 2010
The infrastructure needs of Burundi will be assessed by an action plan implemented by the country's government and the African Development Bank (AfDB) group.
Estimates predict some $5.8 billion (£3.82 billion) will be invested throughout the project, which will span twenty years.
The Action Plan for Infrastructure in Burundi was launched on April 2nd in Bujumbura, the country's capital.
AfDB vice-president in charge of country and regional programmes and policy operations Aloysius Ordu explained that Burundi must grow at six to seven per cent until 2030 in order to reduce poverty in a sustainable manner.
"This action plan shows clearly how to achieve this goal. It also focuses on the integration of Burundi in the broader East African Community and the opportunity for access to global markets," he added.
Burundi is currently emerging from a civil war, which was based on ethnicity and resulted in hundreds of thousands of deaths.