French construction giant Vinci interested in joining major road expansion project in Togo

Infrastructure

Tuesday, 13 April 2021 17:18

French construction giant Vinci interested in joining major road expansion project in Togo

(Togo First) - One of the global leaders of the road infrastructure market, Vinci, is looking to join the project to double the Lomé-Cinkassé road (National Road N°1) in Togo. The French firm will operate through its Togolese subsidiary Sogea-Satom.

Subsequent to a meeting with President Gnassingbé in France, Jean-Michel Guelaud, chairman of Sogean-Satom declared: “The Head of State asked us about our interest in the upcoming big infrastructure projects, among which is the national road n°1 project and its doubling in the short term. The President told me he wanted to rapidly launch the project, saying the related project company had been established and that tenders would soon be launched. In response, I confirmed to him that Sogea Satom would actively take part in these operations and try to secure the contracts.”

Guelaud then reminded that Sogea-Satom was in charge of construction works at the Adetikope Industrial Platform (PIA).

Regarding the PIA, it should be noted that Arise IIP, subsidiary of Olam, is the project’s concessionaire for 25 years. Arise IS, also an arm of the Singaporean company (dedicated to infrastructure), expressed great interest in taking part in the project to double the national road n°1, which is one of the flagship projects of Togo’s 2018-2022 national development plan (PND 2018-2022).

Séna Akoda

REFORMS OVERVIEW

STARTING A BUSINESS (more info)

At the fifteenth position, worldwide, and first in Africa, under the Starting a Business index of the 2020 Doing Business ranking, Togo sustains its reformative dynamics with more reforms….

ENFORCING CONTRACTS (more info)

Compared to some years ago when it was one of the lowest rankers under the Doing Business’ Enforcing Contracts indicator, Togo, leveraging many efforts to improve its business climate, was able to jump significantly on the index in the recent years... .

CONTRACT EXECUTION (more info)

Creation of special chambers of commerce for small debts • Creation of chambers of commerce at the Court of Appeal • Civil and commercial cases now handled by distinct clerks • Establishment of commercial courts in Lomé and Kara • Lawyers and bailiffs now have access to the FORSETI COMMERCIAL platform • A maximum period of 100 days was fixed to settle a commercial dispute .

TRADING ACROSS BORDERS (more info)

In comparison to previous years,Togo has significantly improved its ranking under the“Trading across borders” indicator by adopting multiple reforms that focus mainly on the digitization and reduction in delays, for import and export procedures related to import and export.

In comparison to previous years, Togo has significantly improved its ranking on the “Trading across borders” index by adopting multiple reforms that focus mainly on the digitalization and reduction in delays, for import and export procedures related to import and export.

CONSTRUCTION PERMIT (more info)

After moving from the 133rd to 127th place under the 2020 Doing Business’ construction permit index, Togo intends to reiterate this feat in the coming edition of the global ranking. To this end, it has introduced this year multiple reforms.

GETTING ELECTRICITY (more info)

Over the past two years, Togo’s ranking under the Doing Business’ Getting electricity and water indicator has increased consistently. Owing this performance to multiple reforms aimed at making it easier for businesses to access power and water, Lomé plans to introduce even more reforms this year to keep up its improvements.

REGISTERING A PROPERTY (more info)

Out of all the 'Doing Business’ indicators, Property Registration is where Togo has improved the most since 2018. Indeed, after spending years in the lowest part of this ranking, the country now seeks to beat Rwanda which is the best performer on this index in Africa. To do so, Lomé has been introducing many reforms, with the latest batch implemented this year.

PUBLIC PROCUREMENT (more info)

From professionalization to digitization, through legislative regulations, Togo’s public procurement framework is constantly being modernized. Several reforms have been implemented to improve the sector much to the benefit of the private sector, which is the focus of the National Development Plan.

PAYING TAXES AND DUTIES (more info)

To improve its business environment, Togo introduced some important reforms related to the payment of tax and duties. From the replacement of some taxes to the cancellation of others through exemptions, the country has only one objective: offer the most attractive tax framework to investors and economic operators. To achieve this, the authorities relied on digitization.