The African Development Bank has granted $125.6m to Ethiopia to finance the second phase of its Mombasa-Nairobi-Addis Ababa Road Corridor Project.

Money will be used to upgrade the 193km long Ageremariam-Yabelo-Mega road section to bitumen standard and to build roadside socio-economic infrastructure.

The New Partnership for Africa’s Development flagship road corridor is a key section of the Trans-African Highway Network and is being carried out in three phases.

The corridor is expected to cut travel time and costs for passenger and freight transportation between Kenya and Ethiopia to benefit the two East African countries as well as the wider East Africa and Horn of Africa regions.