IGAD deploys Kshs. 3.8T master plan for transport infrastructure
The Intergovernmental Authority on Development (IGAD) has deployed a Kshs. 3,800 billion transport infrastructure master plan to be implemented by 2024.
The master plan includes 89 short-term projects in the fields of transport, energy, ICT and cross-border waterways.
According to the African Union High Representative for Infrastructure Development, Raila Odinga, these projects will facilitate trade and integration and meet infrastructure needs.
IGAD’s master plan identifies transboundary water resources, ICT, energy, transport and infrastructure as essential segments to unlock the growth potential of other development sectors.
Speaking to Interconnected Member States for Regional Integration and Trade Competitiveness, IGAD Roundtable, African Union High Representative for Infrastructure Development Raila Odinga urged members to mainstream regional priority projects in national development plans.
âThe 8 IGAD countries together have an ocean coastline with significant potential for a BlueEconomy, under-exploited minerals, enormous potential in oil, gas and power generation. These natural resources must be exploited for the benefit of present and future generations, âsaid Odinga.
He further called for the establishment of an African Infrastructure Fund as a mechanism to support the preparation of important and necessary projects and the development of a pipeline of bankable infrastructure projects.
The completion of the short-term projects which include 61 projects in transport, 9 in energy, 14 in ICT and 5 projects in cross-border waterways is scheduled for 2024.
The IGAD infrastructure master plan is structured to complement the implementation of the protocols on the free movement of people and transhumance, which are essential catalysts for trade facilitation in the regional bloc.