ADF finances USD107.4 m transport infrastructure project in The Gambia
Project will bolster West African regional integration
The Board of Directors of the African Development Bank (AfDB) Group approved, on 16 December, funding of USD 107.4 million for the construction of the Trans-Gambia Bridge and Cross Border Improvement Project. The financing package, which is being extended through the African Development Fund (ADF), the African Development Bank Group’s concessionary lending window, comprises an outright grant of USD 102.3 million and ADF concessionary resources of USD 5.1 million.
The project will help bring to fruition plans which the governments of The Gambia and Senegal have had for many years, to create fee traffic flow between the northern and southern parts of each in order to promote free movement of persons, goods and services between them and other countries of the Economic Community of West African States (ECOWAS). Current interstate transit on the corridor is marked by numerous barriers and check points. The Gambia River lacks a fixed connection across it.
Service is by ferry and poor road conditions, which are compounded by long and costly customs procedures.
The project will respond to these challenges by improving transit and accessibility of the communities in the project zone. It will also reduce transport costs and travel and cross border times. Furthermore, it will contribute significantly to the economic development of the countries through the improvement of transport infrastructure that increases competitiveness and inclusive economic growth.
AfDB President Donald Kaberuka said the project is consistent with the Bank’s key focus areas of infrastructure and regional integration. “The African Development Bank Group can finance the building of bridges and roads, but it takes political will to make these infrastructure facilities attain their economic objectives and ensure the reduction poverty among our people, he said.”
The project will be executed over a period of five years, from 2012 to 2017.