West African Development Bank grants Benin loan to build roads
The West African Development Bank has granted Benin a USD16-million loan toward the construction of the road linking Djougou-Ouaké to the country's border with Togo, official sources told PANA here Wednesday.
PANA
Jointly financed by the Regional Integration Fund (FAIR) and the West African Economic and Monetary Union (UEMOA), the project will help open up the north-central part of the country and increase trade between Benin and its neighbors in the sub-region.
The loan is fallout of the bank's 2009-2013 strategic plan, which aims to increase its investments in energy, road, and ports, among others, as well as improve economic integration in the sub-region.
With the latest loan, the bank's investments in Benin has reach CFA F 36.9b (US$ 73 million) over seven years.
The West African Development Bank has granted Benin a USD16-million loan toward the construction of the road linking Djougou-Ouaké to the country's border with Togo, official sources told PANA here Wednesday.
PANA
Jointly financed by the Regional Integration Fund (FAIR) and the West African Economic and Monetary Union (UEMOA), the project will help open up the north-central part of the country and increase trade between Benin and its neighbors in the sub-region.
The loan is fallout of the bank's 2009-2013 strategic plan, which aims to increase its investments in energy, road, and ports, among others, as well as improve economic integration in the sub-region.
With the latest loan, the bank's investments in Benin has reach CFA F 36.9b (US$ 73 million) over seven years.
2 comments:
Post a Comment