The African Development Bank is ready to spend $1.6 billion to fund infrastructure projects of the New Partnership for Africa?s Development or NEPAD. “The bank supports regional infrastructure very strongly, the NEPAD projects may have taken longer to rollout, but this is because it takes time to conceive such projects and develop them,” Dr. Ini Urua, the bank?s Principal Industrial Engineer, said. The bank has already finalized plans to commence the construction of the 1,600-kilometer Kenya-Ethiopia highway and the Kenya- Uganda oil pipeline. (Source: ADB ready to fund NEPAD infrastructure projects in Africa/AngolaPress)
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