The Boards of Directors approve $214.4 million for Phase II of South Sudan-Ethiopia-Djibouti transport corridor
Ethiopia, Dec. 3 -- The Board of Directors of the African Development Bank Group has approved $214.47 million in financing to launch the second phase of the South Sudan-Ethiopia-Djibouti Transport Corridor Project.The package, drawn from the African Development Bank Group's concessional window, comprises several grants: $181.5 million for Ethiopia, $29.71 million for Djibouti, and $1.96 million for South Sudan, along with an additional $1.30 million for South Sudan from the Bank Group's Transition Support Facility for countries facing fragility.Phase II of the project will deliver major infrastructure improvements across the three countries. In Ethiopia, it will involve the construction of a 67-km expressway and deployment of intelligent tr...
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