The Cabinet on Friday approved a $2 billion construction and upgrade project for three major roads, using gold as collateral, the Office of the President said.
The project will upgrade over 1,031 kilometres of strategic
roads, including the Juba–Yei–Kaya and Yei–Faraksika–Maridi corridors,
Juba–Lobonok–Moli Junction, and Wau–Raja–Boro Medina. Shamrock Global Group has
been awarded the contract to implement the works, with an average cost of $2.3
million per kilometre.
“The massive project will see several major roads improved
to asphalt standard,” the statement from the Office of the President said.
Mining Minister Lasuba Ludoru Wongo proposed using gold as
collateral to tap into the country’s resource potential and accelerate
long-delayed infrastructure development.
Information Minister Ateny Wek Ateny emphasized that
security and stability remain fundamental to both infrastructure expansion and
South Sudan’s democratic transition.
The Cabinet’s approval follows last month’s endorsement by
the service cluster, aimed at improving connectivity and boosting economic
growth nationwide.
