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Abu Dhabi Fund for Development Commends Senegal’s 336-km National Road No.2 Initiative, Developed with Fund’s Concessionary Loan

March 2017
Spotlight


Abu Dhabi Fund forDevelopment Commends Senegal’s 336-km National Road No.2 Initiative, Developedwith Fund’s Concessionary Loan

  • ADFD’s allocates AED53 million to develop Ourossogui – Hamady Ounaré Road Section
  • Cornerstone-laying ceremony draws attendance of Senegalese President
  • His Excellency Mohammed Saif Al Suwaidi: The project reinforces  the Senegalese government’s National Social and Economic Development Strategy (SNDES 2013-2017) and directly benefits  600,000 residents

Abu Dhabi-UAE: 11 March, 2017 Abu Dhabi Fund for Development(ADFD) commended the foundation stone laying ceremony of Senegals National Road No.2 (NdioumOurossoguiBakel)project. ADFD, one of the key financiers of the 336-km long infrastructureproject, allocated a concessionary loan of AED53 million (US$15 million). 

Senegalese President, HisExcellency Macky Sall, attended the ceremony and laid the cornerstone. HisExcellency Mansour Elimane Kane, the Senegalese Minister of Infrastructure,Land Transport and Opening up, Ali Al Marzouqi, Chargé d'affaires at the UAE embassyin Senegal, and several high-ranking officials were also present. The NationalRoad No. 2 development runs along the valley of the Senegal River, and willdirectly impact 15 percent of the total Senegalese population - 2.15 millionindividuals across three administrative regions including Saint-Louis, Matamand Tambacounda 

Lauding the Senegalesegovernments national strategy - StrategieNationale de Developpement Economique et Social (SNDES2013-2017), His Excellency Mohammed Saif Al Suwaidi, Director General of ADFD,said: “The government of Senegals strategy articulates recovery,growth, long- term development and infrastructure investments as corepriorities. ADFD earmarked AED53 million to fund the development of the Ourossogui- Hamady Ounaré RoadSection - one of four segments of the National Road No.2 initiative.” 

He added: “The50km long road section will directly benefit 600,000 residents. Furthermore,the overall project reinforces the Senegalese national strategy and willkick-start socio-economic growth in the country, specifically improvingtransportation infrastructure, reducing travel time and helping curb highvehicle repair costs as a direct fall-out of accidents on ill-constructed roads.” 

Pointing out that one of ADFDs goals is to support governments inachieving their desired development objectives, Al Suwaidi highlighted the highagricultural potential of surrounding areas. He said the road will play a vitalrole in alleviating living standards for communities through enablinginfrastructure that significantly eases movement of goods and people.  

For his part, Minister Kaneemphasised that the National Road No.2 project is in line with the Senegalesegovernments strategy to enhance, boost andincrease access to public servicesnotably throughproper transport infrastructure. He added that residents in the area will enjoygreater access to social service facilities and employment opportunities,including careers in agriculture, moving and delivering crops and construction.He commended the close ties between the UAE and Senegal and praised ADFDs efforts to better the everyday livesof ordinary individuals

Since 1976, ADFD has allocatedconcessionary loans worth AED193 million to sustainable development projects inSenegal across key sectorsmostsignificantly, health, transportation, agriculture and water.   

It’s noteworthy to mention that recently; as partof its founding membership of the Lives and Livelihoods Fund, an innovativeblended facility aimed at fighting poverty in Islamic Development Bank's membercountries, ADFD and other members have also pledged an amount USD32 million tosupport the government of Senegal’s malaria eradication campaign

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