The Cabo Verde (Cape Verde) government has secured funding of US$31 million to conduct a project, over the next five years, to reform the archipelago’s transport sector, the project’s coordinator said.
Luís Spencer said that part of the funding – US$19 million – was guaranteed by the World Bank and the remaining US$12 million would be provided by the government via the Autonomous Road Maintenance Fund (FAMR).
The project, which has been underway since the end of 2013, focuses on four areas: Preserving roads, boosting institutional skills, road safety and inter-island transport.
Cited by pan-African news agency Panapress, Lúcio Soares said that the road preservation component involved road maintenance and improvements.
The project was launched last week in the city of Porto Novo, on the island of Santo Antao, by the Infrastructure and Maritime Economy Minister, Sara Lopes. The minister took part in the inaugural trip of an additional ferry to improve maritime links in the north of the archipelago. (macauhub)