Opec bolsters road construction in Ethiopia

Opec also entered into a similar agreement with Benin and Mali. In Ethiopia Opec aims to boost road construction to enhance movement of agricultural produce in the country

Opec bolsters road construction in Ethiopia
Opec bolsters road construction in Ethiopia

Road construction in Ethiopia has received the much needed impetus to upgrade its 76.8km Hamusit-Este gravel road in South Gondar zone, Amhara region to asphalt.

This follows an agreement with Petroleum Exporting Countries (OPEC) that allowed the country to receive a loan of US $ 20 Million Dollar towards the project.

Ethiopia says the road will help in smooth transportation of key farm produce in the region thus boosting agriculture sector. Similar agreement was sign with Mali and Benin.

The loan to Benin will help small scale vegetable farmers adopt more efficient techniques in processing and storing their produce. This includes access roads, small processing plants and storage facilities.

The loan to Mali will go to upgrading a 188 km stretch of road that serves 24 villages where key activities such as animal husbandry and agriculture take place.

The Director-General of the OPEC Fund for International Development (OFID), Suleiman J Al-Herbish pointed out the institution’s longstanding work with all three countries, dating back to the institutions inception in 1976.

Also read: Construction of Ethiopia’s Ankober-Dulecha Road Launched

OPID has approved over 6.3 billion dollars worth of public sector enhancement funding.

“Africa remains our focus and we want to ensure we work with the countries that are looking into improving the infrastructure sector that is key in Africa” he added.

This is one of the projects the government of Ethiopia is carrying out to ensure that they improve and streamline the transport sector of Ethiopia.

The transport industry in the country has been key and has been improving day by day by majorly implementing Key projects such the recently completed the railway project.

Ethiopia is currently one the fast developing country in Africa and their economy has been rising steadily hence giving hopes in the future in terms of many projects being implemented as the government is also partnering with many investors to achieve that .