By David Musyoka NAIROBI (Xinhua) --
The East African bloc has secured 3.5 million U.S. dollars grant
from the African Development Fund (ADF), the concessional window of the African
Development Bank Group (AfDB), to finance the agency’s Infrastructure Master
to be completed in 38 months, seeks to establish regional infrastructure
development priorities for the IGAD region, comprising Djibouti, Eritrea,
Ethiopia, Kenya, Somalia, South Sudan, Sudan and Uganda, eight-nation members of
the Intergovernmental Agency on Development (IGAD).
from the AfDB said the project will enhance regional physical and economic
integration, thus promoting trade, movement of goods and persons and poverty
reduction among the countries.
define priority regional infrastructure transport, energy, ICT and transboundary
water projects for investment, to spur a broader positive socio-economic
development impact,” it said.
said the projects would include physical and economic integration; job creation;
enhanced opportunities for women, particularly in easing cross-border trade as
well as increased business opportunities.
which lacks a regional infrastructure Master Plan and a prioritized consensual
infrastructure development programme, the Bank’s intervention in this regard
responds to a defined priority need of the governments which will serve to
consolidate and enhance regional integration,” the statement said.
will result in improved access to infrastructure services; and generally
improved the quality of life of the majority of the population in the IGAD
The IRIMP is
one of the deliverables which aims at creating a Free Trade Area (FTA) in the
region approved in Nairobi, Kenya in 2010.
AfDB said the
governments, people, institutions, and economies of the eight IGAD member States
will benefit directly from the project.
“Specifically, businesses, traders, households, investors as well as development
partners and international bilateral and multilateral agencies will also benefit
from well-planned coordinated regional infrastructure projects and services that
would enhance more efficient movement trade and economic development,” it said.
lender said the investment is expected to spur huge investment mobilization and
financing attracted by well-prepared and bankable infrastructure projects.