Chad Secures $45 Million Grant from African Development Bank for Road Project
Deal News | Feb 27, 2025 | Zawya
The African Development Bank (AfDB) has signed a $44.9 million grant agreement with the government of Chad to fund the asphalting of a 49.5-kilometre road section from Kyab to Mayo including a 55-metre bridge. This strategic infrastructure improvement aims to enhance connectivity and economic integration within Chad's Moyen-Chari region, known for its agricultural and fishing potential. The project aligns with Chad's broader development goals, enhancing transportation, and thereby aiding resilience and access to essential services for local populations. The grant, signed on February 19, 2025, is part of AfDB's ongoing partnership with Chad, with the goal of reducing transportation costs and improving living conditions. This initiative is expected to facilitate further investment from the Islamic Development Bank for a subsequent road section.
Sectors
- Infrastructure Development
- Development Finance
- Transport and Logistics
Geography
- Chad – The primary focus of the article is on Chad, where the road infrastructure project is being undertaken.
- Central Africa – Chad is a part of Central Africa, and the project aims to enhance regional infrastructure and connectivity.
Industry
- Infrastructure Development – The article centers on the financing and construction of a significant road project in Chad, which is fundamental to infrastructure development.
- Development Finance – The African Development Bank, a major development finance institution, is providing the grant, highlighting the financial aspects of regional development projects.
- Transport and Logistics – The asphalting project aims to enhance transportation efficiency and logistics within Chad's key agricultural regions.
Financials
- $44.9 million – The total grant amount provided by the African Development Bank for the road development project.
- $275.5 million – Projected cost for the second section of the road, to be financed by the Islamic Development Bank.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| African Development Bank | Grantor | Bank | Africa's leading development finance institution providing a grant for the road project in Chad. |
| Government of Chad | Recipient/Target | Government | The governing body responsible for receiving the grant and overseeing the road project. |
| Tahir Hamid Nguilin | Minister of State for Finance, Budget, Economy, Planning and International Cooperation | Person | Signed the agreement on behalf of Chad's government. |
| Claude NKodia | Acting Representative of the Bank in Chad | Person | Signed the agreement on behalf of the African Development Bank. |
| International Monetary Fund | Observer | Organization | Present at the signing ceremony, providing international economic oversight and support. |