The World Bank has approved a $81 million International Development Association (IDA)* credit to support Rwanda’s transport sector.
The Lake Victoria Transport Project (LVTP) will help improve the efficient and safe movement of goods and people along the regional corridor from the border crossing at Rusumo to the border crossing at Nemba and Rusizi together with upgrades to road asset management and road safety in Rwanda. Over 500,000 people living along the road corridor from Kibugabuga to Gasoro are expected to benefit directly from this project. The project is expected to create of at least 500 permanent jobs for Local Community Associations through multi-year contracts for periodic maintenance of the road link.
This project is the first project in a series of three, in Rwanda, Tanzania and Uganda, they are part of the Lake Victoria Transport Program. It will be prepared under the Integrated Corridor Development Initiative in the East Africa Community countries.
The World Bank’s International Development Association (IDA), established in 1960, helps the world’s poorest countries by providing loans (called “credits”) and grants for projects and programs that boost economic growth, reduce poverty, and improve poor people’s lives.