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You are at:Home»NEWS»Salva Kiir Mayardit Chairs Meeting: Cabinet Approves $2 Billion Gold-Backed Road Project
NEWS

Salva Kiir Mayardit Chairs Meeting: Cabinet Approves $2 Billion Gold-Backed Road Project

Tibin TibinBy Tibin TibinFebruary 20, 2026No Comments2 Mins Read
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Salva Kiir Mayardit Chairs Meeting: Cabinet Approves  Billion Gold-Backed Road Project
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Salva Kiir Mayardit Chairs Meeting: Cabinet Approves  Billion Gold-Backed Road Project

The Council of Ministers of the Republic of South Sudan has approved a major road infrastructure project worth approximately $2 billion, described as the largest investment in the country’s road sector to date.‎‎

The decision was reached during a regular cabinet meeting chaired by President Salva Kiir Mayardit in Juba, according to officials.

‎‎Gold to Be Used as Collateral‎

The ambitious plan will be financed through a mechanism that uses the country’s gold resources as collateral.

‎Authorities say the arrangement is intended to unlock infrastructure funding while leveraging South Sudan’s natural resource wealth to accelerate development.‎‎

The proposal was reportedly presented by the Minister of Mining, who argued that the initiative could help address chronic infrastructure gaps and open up key economic corridors across the country.

‎‎Boosting Connectivity and Economic Growth‎‎

Government officials believe the project will significantly improve transport connectivity, facilitate trade, and reduce travel time between regions once completed. ‎

The investment is also expected to create jobs and stimulate economic activity, particularly in underserved areas with poor road networks.‎‎

South Sudan has long struggled with limited paved roads, with many parts of the country becoming inaccessible during rainy seasons, hampering trade, humanitarian access, and service delivery.‎‎

Next Steps‎‎

Following cabinet approval, authorities are expected to move forward with implementation arrangements, including financing structures and project execution plans.‎‎

The project comes amid broader government efforts to expand infrastructure development using alternative financing models tied to the country’s natural resources.

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