The World Bank and Rwanda will next week sign a financing agreement to rehabilitate the 130Kms Ngoma-Bugesera-Nyanza road network to connect business between East and Southern provinces.
The murram road will be paved to join an estimate 1,500 km paved road network.
In 2015, World Bank announced $1 billion extra support to Rwanda in the next five years. Part of the funds will improve road infrastructure enabling farmers to connect to new markets and increase their family income.
“Rwanda has managed its economy brilliantly and we think the growth here will continue,” Dr. Kim told KT Press while on official visit to Rwanda in March this year.
The financing agreement, slated to take place on Monday, June 5, at the Ministry of Finance and Economic Planning, is part of the bank’s $22 million funding to support transport sector development as well as $45 million for feeder road construction to improve rural infrastructure in Rwanda.
The signing takes portion of Rwanda’s road network projects in the pipeline including Rukomo-Nyagatare (73km) also funded by the World Bank.
Other roads under rehabilitation that may benefit from the World Bank 5 year funding include Kagitumba-Kayonza-Rusumo (208km) in the Eastern Province; Huye-Kibeho (68km) in the South and the current City of Kigali ring road project (80km).
Meanwhile, the World Bank’s $1 billion package will also fund Rwanda Electricity Access project worth $70 million, Water Harvesting and Hillside Irrigation ($69 million) and $50 million in support of the country’s social protection policy.