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Madagascar: 11 million dollars of loan for the rehabilitation of the national road 43 from the Arab Bank for economic development in Africa

The Arab Bank for economic development in Africa (BADEA) has just granted a loan to the Malagasy authorities to the tune of 11 million dollars for the rehabilitation of a 50 kilometers of the national highway 43 leading from Faratsiho to Sambaina in the center of the island.
The Minister of Finance and the Budget, Jean Razafindravonona, and the Director-General of BADEA, Abdelaziz Khelef, have recently put their signatures on the official document between the two parties in the second phase of the project.
The Minister of Public Works Roland Ratsiraka was also present.
"This funding is repayable over 30 years at an interest rate of 1%. On the other hand, the rate of interest will not be paid during the first five years", recalled the Malagasy Minister of Finance and the Budget.
This project once finalised will enable social and economic development of the villages located along national highway 43 and that will be linked, as indicated in the Midi Madagasikara newspaper.

Antso Rajaona

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