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AfDB Issues USD 180 Million Loan for Dodoma Roads

Infra News - Published on Fri, 23 Aug 2019

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The Citizen reported that the government has signed a soft loan agreement for USD 180 million with the African Development Bank for the construction of the Dodoma City Outer Ring Roads project. This means constructing a total of 110.2 kilometer of roads to ‘bitumen standard,’ as well as the development of social infrastructure.

Speaking at the brief signing ceremony in Dar es Salaam, the permanent secretary of the ministry of Finance and Planning, MrDoto James, said AfDB has disbursed a loan of SI1414.07 billion.

For its part, the government will contribute Sh82 billion from its own funds, equivalent to 16 percent of the total amount for the project as part of the agreement in conformity with AfDB requirements.

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Posted By : Mohan Sharma on Fri, 23 Aug 2019
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