The African Development Bank (AfDB), Japan government and European Union have aided Rwanda with USD 184.1 million to build Kagitumba-Kayonza-Rusumo road.
AfDB has contributed USD 94 million, Japan provided USD 68.4 million and European Union USD 21.7 million.
As he received the support, the Minister of Finance and Economic Planning, Amb Gatete Claver has said that the construction of Kagitumba-Kayonza-Rusumo road is essential since it will connect both the Northern and the Central corridors.
“This project is expected to strengthen trade in the region, improve the performance of transport companies and reduce transportation cost as well,” he said.
He added that it will have a great impact in transforming trade and Rwandans’ lives in general.
The representative of AfDB in Rwanda Negatu Makonnen said it is of great value to have contributed to the construction of Kagitumba-Kayonza-Rusumo road.
“This is the largest project bringing transformations supported by AfDB since it started in 1974. We congratulate the government of Rwanda for involvement in signing these agreements. This project is the foundation of regional cooperation,” he said.
Japan’s ambassador to Rwanda, Takayuki Miyashita also said that the contribution is the largest donated to Rwanda in 27 years adding that the fund is meant to contribute to the expansion of good infrastructures the county is building.
He noted that Japan lauds the great achievements of Rwandan government as a result of good leadership which united citizens and establishing strong measures of combating bribery.
A total of 208 kilometers including Kagitumba-Kayonza taking 116 kilometers and Kayonza-Rusumo with 92 kilometers will be constructed.
Rwanda will provide USD 12.5 million to compensate for 565 houses that will be razed to give way for road construction.
Construction activities of Kagitumba-Kayonza-Rusumo road will last 2 years and half.
The fund provided by AfDB will be repaid within 40 years at the interest rate of 0.75% while Japan will be paid at 0.01% interest rate.
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