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Showing posts from November 12, 2011

AfDB Approves Funding for Upgrading Vital Road Corridor in Ethiopia

The project's immediate beneficiaries include small holder farmers, coffee producers, traders, agro-based industries including a beer brewery and a sugar factory. Transporters will also benefit from reduced travel time, increased speed and reduced vehicle operating costs while the general public in the sub-region as a whole will have improved access to social amenities. AfDB Approves Funding for Upgrading Vital Road Corridor in Ethiopia African Development Bank Group (Tunis) November 11, 2011 The upgrading of a 112-km road to an all-weather standard approved by the African Development Bank Group will boost economic activities and promote poverty reduction in Ethiopia. An estimated 1.3 million people residing along the Bedele-Metu road corridor will benefit from the project. The Board of the Directors of the AfDB Group approved a USD 66.7-million loan on 10 November 2011 for the Bedele-Metu Road Upgrading Project from the resources of the African Development...