Comoros receives US$135m grant to develop port infrastructure

The board of directors of the African Development Bank Group (AfDB) has approved a US$135m package to the Comoros to finance a major maritime and regional trade project with the aim of improving national and international connectivity by upgrading port infrastructure. 

The support for the Maritime Corridor and Regional Trade Facilitation Project (PACMFCR) will enable the extension and modernisation of two ports essential to the economic development of the country and the establishment of a special economic zone. 

The project is financed by a US$133m grant from the African Development Fund, the concessional window of the AfDB, and a further US$2m grant from the Transition Support Facility, a Bank Group facility for transition states, which combined makes it the largest ever package given to the Comoros.