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 Senegal’s National Road No.2 (Ndioum – Ourossogui – Bakel)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 Senegalesegovernment’s national strategy - StrategieNationale de Developpement Economique et Social (SNDES2013-2017), His Excellency Mohammed Saif Al Suwaidi, Director General of ADFD,said: “The government of Senegal’s 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 ADFD’s 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 Senegalesegovernment’s strategy to enhance, boost andincrease access to public services– notably 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 ADFD’s efforts to better the everyday livesof ordinary individuals.
Since 1976, ADFD has allocatedconcessionary loans worth AED193 million to sustainable development projects inSenegal across key sectors– mostsignificantly, 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