The African Development Bank (AfDB) is considering $580 million in finance to projects that will improve the continent's roads and rail networks and increase electricity supply, the bank said on Sunday.
"Currently the bank is preparing nine investment projects, three capacity building projects and five studies (at an) estimated cost of about $580 million," it said in a briefing at a mini-African summit in Mozambique.
The projects mainly involve roads and railways that link at least two countries. They include roads between Guinea and Ivory Coast, Senegal and Mali, and Kenya and Tanzania; electricity inter-connectors between Kenya, Tanzania and Zambia, and between Sudan and Ethiopia; and a railway between Tanzania and Rwanda.
Funding under AfDB consideration ranges from $1.48 million for a Tanzania/Kenya roads study to as high as $111 million for the Ethiopia-Sudan power interconnection project.
The bank financed African infrastructure projects to the tune of $372 million in 2002/2003, it said.
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