US $81.67m approved for Eastern Corridor road project

US $81.67m approved for Eastern Corridor road project

US $81.67m loan has been approved by the African Development Fund (ADF) to co- finance  sections of the 695-km Eastern Corridor road in Ghana.

The Eastern Corridor road in Ghana project is set to link the capital Accra with the northern hinterland and across the borders to the Sahel region. The project estimated to cost US $113.27m covers 60-km of roads, two interchanges and related civil works incorporating community support initiatives to help improve livelihoods in the catchment area.

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Eastern Corridor road

The road project upon completion would address the needs of an estimated 230,000 people and impact the lives of over 5.4 million inhabitants by reducing travel and transit time, support education and health services delivery while agricultural potentials of the rural areas would be transformed.

The stretch would be tolled and axle-weighing facilities provided to control overloading. It will additionally, create about 1,500 direct jobs in the region. Other lenders for the development include; the Opec Fund for International Development, the Ghanaian Government and the Japan International Cooperation Agency (JICA), which was financing a connecting bridge across the Volta River. The Project is to be implemented over a five-year period from 2018 to 2022.

“With this project we hope to turn rural areas from areas of economic challenges to economic prosperity and bread baskets,” said Marie-Laure Akin-Olugbade, Bank Director for West Africa.

AfDB’s leadership role in transport infrastructure development in the country has stimulated interest and alliances with several development partners in the country. The Eastern Corridor project aligns with the bank’s 10-year strategy and three of the High 5 priorities.

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