African Development Bank grants over US$18 million to Sao Tome and Principe in last six years

20 June 2011

Luanda, Angola, 20 June – The African Development Bank (AfDB) has donated over US$18 million to Sao Tome and Principe over the last six years as well as funding the country’s only international airport, according to Angolan state newspaper Jornal de Angola.

The AfDB’s work in Sao Tome and Principe, since the 1970s, has had a structural role to play and since the end of the 1980s the AfDB has provided the archipelago with over US$18 million to build its only international airport.

Access to the southern area of the island of Sao Tome, which was cut off due to the lack of a road between Ribeira Peixe and Porto Alegre, was resolved with the funding of the AfDB, which made its possible to build 30 kilometres of road. The new road made it possible to promote tourism in the far south of the island of Sao Tome.

The AfDB’s intervention in the infrastructure has helped the Sao Tome state to repair the country’s three main roads, which link the capital to the northern, southern and central regions.

Starting in 2005, financial aid was provided as 100 percent donations. From 2005 to 1007, donations for development of livestock and institutional support totalled US$7.5 million.

The AfDB considers Sao Tome and Principe to be a fragile state and therefore this year it provided another donation of some US$3 million, which is to be used to improve safety at the international airport and to carry out a general population and housing census. (macauhub)