85 million US Dollars for a Road Project in Ghana
Tunis, 15 October 2009 – The African Development Bank (AfDB) Group Board of Directors has approved a UA 53.59 million African Development Fund (ADF) loan, equivalent to US$ 85 million, to finance the Awoshie-Pokuase Road and Community Development Project in Ghana.
The project is designed to provide integrated solutions to urban development in Accra, one of the main challenges of Ghana. With more than 40 percent of its population living in urban areas, Ghana is one of the most urbanized countries in Africa.
The project involves constructing the 15-km Awoshie-Pokuase Road, secondary roads and provide key socioeconomic infrastructure such as drainage, markets, water supply, schools, health centers and lorry parks. The road is urgently required to improve the mobility and accessibility in the rapidly developing north-western part of the city.
Because of its location, the road will specifically enhance regional integration and cooperation between Ghana and its neighbours by facilitating cross border traffic, linking Accra-Kumasi road to Accra-Tema motorway extension at Awoshie. The Awoshie-Pokuase Road will then connect the Tema-Ouagadougou-Bamako corridor (UEMOA/Ghana Road Program I financed by the Bank) with the Trans-West African Coastal Highway.
This project will be co-financed by the ADF and the French Development Agency (AFD), which will provide UA 25.70 million. The Ghanaian government’s UA 5.25 million counterpart funds will be used mainly to finance compensations and resettlements.
The project is programmes for completion in June 2014.
* 1 UA (Units of Account) = US$ 1.58437 as at 14/10/2009