Africa: USD 250 million from the AfDB to support the economic construction project of the DRC-Angola corridor
The African Development Bank (AfDB) announces financing of US$250 million to support the economic construction project of the Democratic Republic of Congo (DRC)-Angola corridor.
This is what emerges from the interview between the Congolese Minister of Finance, Nicolas Kazadi, and the First Vice-President of the African Development Bank (ADB), on Thursday August 18, 2022, in Kinshasa on the sidelines of the 42nd Summit of Heads of State and Government of the Southern African Development Community (SADC).
This envelope will contribute to the realization of the first phase of this corridor which includes the Mbuji-Mayi-Kananga section in Kasaï Oriental and Kasaï Central in the DRC.
It is about 185 kilometers to be asphalted in concrete 4 cm thick and 10 cm wide, including the roads of Mbuji-Mayi, Kananga, Kabeya-Kamuanga and Munkamba.
“We have ongoing projects, among others, the corridors that are being set up, in particular the corridor between Mbuji-Mayi and Angola. The SADC Secretariat is working closely with the AfDB to ensure that all these projects are improved. The other aspect is also the development of the legal framework to ensure that these rules are agreed with different countries to go from one country to another, to cross borders for the different projects. “ , she said at the end of the working session.
The First Vice-President of the African Development Bank underlined the availability of the AfDB to support Congolese projects which are in line with the priority projects of her institution.
“ We discussed relations between the AfDB and the DRC. There are many priority projects for which the DRC can count on the AfDB, among others what are called the five priority projects, including those relating to energy development, education, especially the regional integration sector. . Our discussion with the Minister was very instinctive, it allowed us to see his vision but also of the DRC in different sectors but also with the AfDB. “, she mentioned.
According to the DRC-Angola corridor project, the area of influence includes the provinces of Sankuru, Lomami, Kwango, Kwilu, Maniema, Lualaba and Haut-Katanga which are the points of departure or destination of internal or external exchanges in the country. .