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World Bank to mobilize new financing to improve mobility along select transport corridors vital for economic growth

Posted by Business in Ghana on November 6, 2014

 WASHINGTON, November 4, 2014 The World Banks Board of Executive Directors today approved US$25 million in new financing from the International Development Association (IDA)* to support the Government of Ghanas effort to improve the mobility of goods and passengers on selected roads through reduction in travel time, in vehicle operating costs and enhanced road safety awareness.

 Ghana has done very well to improve its transportation sector in the short and medium term and the government is now focusing its efforts on the quantity and quality of the road infrastructure, said Yusupha Crookes, the World Banks Country Director for Ghana. We are excited to support the Governments strategy for an efficient and sustainable transport system. The project will also indirectly help to ensure competitiveness, reduce vulnerability, and improve governance in the sector.

 The new financing will support the ongoing Ghana Transport Sector Project which has made significant achievements. It has helped reduce the fatality rate per 10,000 vehicles by 17.9; increased the rural population to 66% who are now within 2 kilometers of an all-season classified; and increased the number of road networks in good and fair condition to 57%. Read the rest of this entry »

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