The African Development Bank (AfDB) Group has approved a $115 million loan to support a major roads rehabilitation project in Abia State.
The project covers the rehabilitation of roads, erosion control infrastructure and preparation of solid waste management facilities in the state capital, Umuahia, and the commercial hub, Aba.
According to AfDB, “financing for the project, estimated at a total cost of $263.80 million, will come through an African Development Bank loan of $100 million; a Canada–African Development Bank Climate Fund (CACF) loan of $15 million; and a $125 million co-financing loan from the Islamic Development Bank.
“The Abia State government will provide…
Source: Nigerian Tribune
