The 2019 Annual Meetings of the African Development Bank Group will be held from 11-14 June 2019, in Malabo, Republic of Equatorial Guinea. Find out more
Tunis, 20 Sept 2006 – The Board of Directors of the African Development Fund (ADF), the concessional window of the African Development Bank Group (AfDB) on Wednesday in Tunis, approved a grant of 30.20 million Units of Account, about US$ 44.95 million, to finance the Kicukiro-Kirundo Road Project linking Rwanda to Burundi.
The specific objectives of the project are: (i) to create an all-weather road link between Rwanda and Burundi, in order to open up the regions through which the road runs and reduce travel time and general transport costs; (ii) to contribute to the improvement of living conditions of the people of the project area, reduce poverty and (iii) to build the technical and operational capacities of the Road Board and border services. The overall goal of the sector is to strengthen sub-regional integration and to facilitate trade between the two countries and with the outside world.
To achieve these aims, the project is expected to generate the following outpu
The direct beneficiaries of the project comprise the inhabitants of Kicukiro and Bugesera districts in Rwanda and Kirundo Province in Burundi. The total population is estimated at 1.071 million, 44.3% in Rwanda and 55.7% in Burundi.
The total cost of the projects is estimated at 106.12 million UA, about US$ 157.96 million. The ADF grant will finance 28.50 % of the projects. Other donors will support the Rwanda and Burundi governments to complete the project.
The ADB Group began operations in Rwanda and Burundi in 1974. To date, the Bank’s commitments in Rwanda amounts to US$ 554.254 million in 70 projects, while Burundi has received a total commitment of US$386.775 million in 64 projects.
* 1 UA = USD 1.48852 = 816.627 RWF = 1521.66 BIF as at 201/09/2006