The OPEC Fund for International Development (OFID) and the Government of Rwanda and signed a financing agreement worth US$12 million, approximately Frw 8.1 billion for rehabilitation of Huye-Kitabi road.
The project is co-financed by OPEC fund, BADEA and Saudi Fund to a tune of US$ 36million while government injects US$ 4million.
The project falls within the government program for the development of the transport sector in the country and aims to raise the level of the national road network, expansion and integration of asphalt road in the country.
The project will link administrative areas to economic centers which will contribute to the economic and social development in the country.
Rehabilitation of the 53 kilometer road will be implemented by Rwanda Transport Development Authority under the supervision of the Ministry of Infrastructure and is expected to be completed in 2017.
After the signing the agreement in Vienna, Austria on January 30, 2014 the Rwanda’s Chief Economist Leonard Minega Rugwabiza noted that construction of the road would enhance access to production areas, facilitate socio- economic development through fostering agriculture and tourism.
“The 53-kilometer road will have a regional impact, as it is part of a larger program to connect to neighboring Republic of Burundi and Democratic Republic of Congo.
The Huye-Kitabi Road Rehabilitation will further help unleash the agricultural and tourism potential of Rwanda as it is in a part of the country which is reputed for its tea plantations and the Nyungwe National Forest, a major tourism site,” Mr. Rugwabiza said.
This support demonstrates the important relationship between OFID and Rwanda. OFID’s total commitments to the Republic of Rwanda over the years have been at approximately USD 147.15 million.
More than 70% of the support has been focused in infrastructure. The cooperation between OFID and the Republic of Rwanda started in 1976 and has continued to grow ever since.