South Sudan to Secure $4 Billion for Roads
By Okech Francis
South Sudan is on the brink of securing a $4 billion investment by a Kuwaiti Investment group to develop roads in the country, the Minister of Roads and Bridges, Mijok Mijak said.
“As a minister of roads and bridges, I am very happy to get a bulk of money to do the roads as quick as possible,” Mijak said in a statement on the Facebook page of the First Vice President, Riek Machar.
His revelation comes after a meeting of government officials led by First Vice President Riek Machar on Thursday. Mijak never mentioned the Kuwaiti investor.
“What we get from the oil is going to be used as collateral,” he said. “This will give us more cash flow for the contract to finish quickly.”
Mijak said the government already discussed the procedures on how to implement the investment offer on the road projects.
He said Machar emphasized on the urgent need to build roads across the country and make it possible to deliver services and developmental projects to all corners of the nation.