ADFD agrees $26mn loan with Guinea to finance and develop major roads project ...United Arab Emirates

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Abu Dhabi Fund for Development (ADFD), the economic development arm of the UAE government, has signed an agreement with the government of Guinea to provide a concessionary loan, valued at $26 million, to finance the development of a major interchange and roads project in the heart of Conakry, the capital of Guinea. Once completed, this project will significantly ease congestion in the city centre while connecting key urban areas integral to economic growth and improving overall road safety, a WAM report said. It added that the project will include construction of interchanges, roundabouts and tunnels designed to better connect service and feeder roads to the city’s main thoroughfare, La Prin

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