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NEWS : Local News  

In Sierra Leone, US$34 Million to Rehabilitate Matotoka-Safadu Road
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May 2, 2012, 17:10
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The Minister of Finance and Economic Development, Dr. Samura Kamara, has on behalf of the Government of Sierra Leone signed a loan agreement and two grant agreements worth thirty-four million United States Dollars with the African Development Bank (ADB). The money is for the rehabilitation of the Highway leading into Kono.


According to the minister, the funds are expected to support  the project from Matotoka on to Yiye, whilst government is in the process of further soliciting additional funds. He referred to the signing as a ground breaking exercise, whilst noting the remarkable efforts made by government to develop the country’s infrastructure. The Minister further noted that infrastructural development is a joint responsibility between government and its people, stressing that with or without donor support, a country must be able to develop its infrastructure.

 

He thanked ADB for providing support for various development projects in Sierra Leone, especially in the areas of infrastructural development and economic management.


Minister of Works, Housing and Infrastructure, Almamy P. Koroma, said the government has doubled its effort to improve the country’s infrastructure. He said whilst government continues to solicit more support from its donor partners, every effort is been made to fast track ongoing projects.


Resident Representative, Sierra Leone Field Office, ADB, Mr. Yero Baldeh, revealed that the issue of infrastructure is identified as a priority under the Bank’s Country Assistance Strategy for Sierra Leone.

 

He expressed that the US$34 million will finance the Matotoka-Yiye phase of the project with the remaining distance to soon be also funded by donors. He used the forum to assure the people of Sierra Leone that the Bank will continue to support Sierra Leone.


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