Somalia and EU sign Jointly Financing Agreement
Mogadishu (SONNA) Today, the European Union (EU) jointly with the Federal Government of Somalia signed the Financing Agreement of EUR 42 Million EU contribution to Somalia Infrastructure Fund (SIF) at an event graced by HE DPM Mahdi Mohamed Guuleed, in Mogadishu Somalia. The official signing ceremony were executed by H.E Amb. Gamal Hassan, Federal Government of Somalia's Minister of Planning, Investment and Economic Development, and Mr. Nicolas Berlanga Martinez, the EU Ambassador to Federal Republic of Somalia.
The Somalia Regional Corridors Infrastructure Programme is expected to provide technical assistance to further improve the capacities of road sector government agencies, at Federal and state levels. Essentially, the programme will also construct and or rehabilitate about 355 kilometres (km) of key regional road network in Somalia. Improving the roads in Somalia is a double-win: it would not only save lives for the road users but also positively impact Somalia's improving economic growth through better connectivity and trade in Somalia and with its neighbours; Ethiopia and Kenya, as well as boost jobs for the vast unemployed youth and women in the country.
The government strongly appreciates the continued commitment and support of the European Union to the government of Somalia and its people. This EUR 42 million road infrastructure support further builds on the EU recent EUR 100 budgetary support from EU to the Federal Government of Somalia. Said Minister Gamal Hassan.
During the event, Mr. Nicolas Berlanga Martinez said With contribution of 42 Million Euro, the EU together with the Government of Somalia is excited that rehabilitation of key nationally prioritized roads will spur economic growth not only in Somalia but in the region and these will translate to important social benefits for the people. Crucially, improved roads safety would positively impact access to employment, health facilities, social and education services that are backbone for the fight against poverty in Somalia.''
Somalia Regional Corridors Infrastructure Programme's overall objective is to promote an enabling environment for economic growth and regional integration with neighbouring countries. The programme's total committed donor financing contribution is at EUR 59.75 million. The packaged consist of a contribution from European Union: EUR 42 million; African Development Fund (ADF 14): EUR 12.31 million; Federal Government of Somalia: EUR 3.5 million; NEPAD-IPPF: EUR 1.94 million. The African Development Bank (AfDB) and the Federal Government of Somalia's relevant line ministries will be the implementing partners of the programme.
Source: Somali National News Agency