The African Development Bank has signed two grants for $28.8 million for the road and water supply projects in Somalia.
The projects comprise of the Kismayo Baidoa Urban water project which will be funded $11.9 million and the $66.7 million road project will be partly funded with $16.86 million.
The road project will rehabilitate 355km of regional road networks. This is expected to boost productivity, improve living standards, increase interregional trade, cut the cost of doing business and further create jobs, especially during the implementation stage.
The Kismayo Baidoa water project will enhance the quality of life, inclusiveness & resilience through increased access to safe water and improved sanitation.
The two projects are within the framework of the multi-partner Somalia infrastructure fund managed by the African Development Bank and it is consistent with the key objectives of the Somalia Development Plan.