Burundi has received a $5.9 Million loan to upgrade the road connection between the country’s international airport and the capital city of Bujumbura.
This comes after the Burundi Government signed an agreement with the Saudi Fund for Development (SFD) recently worth $5.9million for the road project. The Burundi Government alongside the Arabic Bank (BADEA) will also be contributing to this project.
The project will see the widening and expansion of the road and the upgrade of the airport entrance.
The agreement was signed in Burundi by Vice-Chairman and Managing Director of the SFD, Dr Khaled Bin Sulaiman Al Khudairy and Burundi’s Minister of Finance Domicien Ndihokubwayo. It was witnessed by Burundi’s Minister of Transportation, Jean Bosco Ntunzwenimana and General Manager of the Roads Agency, Emile Ndayisaba.
Speaking after signing the agreement, Dr Al Khudairy said, “The SFD and government of Burundi have worked together over many years in a series of successful development projects. By providing loans, the Saudi Fund for Development aims to promote economic prosperity within developing countries. Schemes like this road upgrading bring real and tangible benefits to people and communities in need.
“The improvement in the road network will provide a long term sustainable impact for Burundi’s economy and its three million population by improving the movement of goods and people. The loan also marks the latest in a commitment by the SFD to work in nations throughout Africa and improve life opportunities for those in developing nations.”
The SFD has been of huge support to Burundi. They have contributed to a total of 13 development projects including infrastructure and educational projects.
Culled from saudigazette.com.sa