📋 Tender Overview
The OPEC Fund for International Development the OPEC Fund has signed a US20 million loan agreement with the Republic of Mali to finance a road project that will improve links to economic centers and social amenities for around 2.7 million people. The Rehabilitation of the Sevar Gao Road Sevar Bor Section project will refurbish a 111 km stretch of road that comprises part of the National Road 16 in the Mopti region of central Mali. The project includes ancillary works such as providing road lighting at village crossings and potable water wells as well as the rehabilitation of rural access roads. Opening up access and reducing travel costs will support key economic sectors that include agriculture fishing and small business. The Arab Bank for Economic Development in Africa and the government of Mali are co-financing the project.OPEC Fund Director-General Dr Abdulhamid Alkhalifa said The OPEC Fund is very pleased to support this development project which is accorded high priority by the government of Mali. The rehabilitated road will facilitate further integration among various regions and increase trade directly supporting Sustainable Development Goals 8 and 9 on decent work and economic growth and industry innovation and infrastructure respectively. Including the present loan the OPEC Fund has approved more than US285 million for development operations in Mali much of which has supported the transport and agriculture sectors. The partnership between the OPEC Fund and Mali dates back to the institutions establishment in 1976 with approvals spanning all of the OPEC Funds finance windows public sector private sector and grants.
