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- Labe-Seriba-Medina Gounass Road Project
Labe-Seriba-Medina Gounass Road Project
Guinea
Borrower | Guinea |
Financing Type | Public Sector |
Instrument | Project Loan |
Focus Area | Transportation |
Approved | 19.12.2006 |
Signed | 06.09.2007 |
Status | Completed |
Loan Administrator | KFAED |
Executing Agency | Ministry of Public Works |
Co-financiers | KFAED, SFD, Government |
OPEC Fund Contribution (US$m) | 8.70 |
Total Project Cost (US$m) | 47.93 |
This project will upgrade 373-km of the stretch between Labé in Guinea and Madina Gounass in neighboring Senegal. An additional 190 km of branch roads will be rehabilitated in both countries. As well as facilitating regional integration, the project will encourage increased agricultural production in a region with largely untapped potential, where 80% of the population is engaged in farming. OFID's loan will specifically co-finance the Komba - Boumehoun segment of road.