Immediate past Governor of Abia State, Okezie Ikpeazu has revealed that the African Development Bank (AfDB), has approved a $115 million loan for road construction, erosion control and solid waste management in the state.
Ikpeazu who spoke through Onyebuchi Ememanka, his Chief Press Secretary, on Saturday, said the loans were initiated and achieved by his government for use by the successive administration.
According to him, the fund is to be used for the construction of 190.43km of road in Aba and 58.03 km of road in Umuahia, the State capital.
He also said that erosion control projects and solid waste management are also to be executed with the funds.
He further expressed gratitude to God that the loan has scaled the final approval hurdle, adding that the total funding cost of the projects is $263.80 million.
He said that Abia State Government would provide $23.80 million counterpart funds to be used in compensating people affected by the project and for implementation of settlement action plans.
“While we worked on this facility, I understood clearly that the final approval would come after I had left office.
“I wasn’t bothered about that because since governance is a continuum, whoever will take over from me will implement it for the good of the people of Abia State,” he said.
“Ironically, some of these people are the ones in government today and who will superintendent over the management of the projects they desperately sought to frustrate.”
The former Governor said the former administration under his watch started works on Port Harcourt road in Aba even when the loan had not been received.
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