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Publish Date : 24-Mar-2017

The African Development Bank (AfDB) has announced that continuing to focus its financial on new infrastructure development, Ethiopia is planning infrastructure investment worth $89m.

The latest strand in its action plan involves modernizing the national road network.

This has been announced after a previous commitment to upgrade the road connections with Kenya and South Sudan.

The bank has approved the fund in the form of grants and loans to fund the roads connecting the towns of Jimma, Sawla and Sodo in the south of the country with the main highway system.

It will help farmers more easily transport their produce to larger markets and will support the expanding sugar industry in the south of Ethiopia.

Additionally, the government says that the new roads would enable the development of coal mines in the region, probably to supply cement producers.

A partner at law firm Pinsent Masons who worked on the deal, Navjeet Virk, said: "The AfDB's financial involvement in this expansion project showcases its continued commitment to improving transport infrastructure development in Africa. This investment also marks another phase in Ethiopias commitment to upgrading its road network and follows recent projects such as the Modjo to Hawassa Expressway which broke ground in early 2016."

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