Tuesday, February 7, 2017

$200 million for roads from the World Bank. Funds to repair 500 km in first phase


The World Bank Group has allocated $200 million for upgrading the road network.

The funds will be used to repair around 500 kilometers of roads in a first phase of a $510 million government plan to revamp the country's road sector.

The funds include a $45 million grant from the Bank-administered Concessional Financing Facility (CFF), which is a facility created in 2016 to support middle-income countries that were recipients of regular Bank financing, but are currently experiencing...

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