"OPEC box" $ 20 million is allocated to support the transportation sector in Liberia
Vienna on August 20 / WAM / The OPEC Fund “OPEC Fund” agreed to allocate $ 20 million to finance the rehabilitation of the vital infrastructure for the transportation sector in southeastern Liberia, and the development of a 48.5 km strategic land corridor, near the border with Ivory Coast, to contribute to enhancing the movement of mobility and facilitating the movement of goods, people and regional trade.
Dr. Abdel Hamid Khalifa, General Manager of the OPEC Fund, in the statement issued by the Fund’s headquarters in the Austrian capital Vienna, stressed the importance of the infrastructure capable of adapting to climate change, which he considered “a fundamental matter for unleashing growth and improving the standard of living”, and appreciated the importance of the project, which contributes to linking societies, improving access, mobility and economic opportunities for about 300 thousand people, and enhancing the trade and integration movement in the Manu River Union region in West Africa.
The statement pointed out that the project is part of the Manu River Union program, which brings together four neighboring countries in West Africa, including Liberia, Sierra Leone, Guinea and Cote d’Ivoire, and aims to develop roads, facilitate transportation, reduce travel time, increase traffic across border, and enhance regional economic ties, in a way that contributes to enhancing regional cooperation and development.
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