Togo: BOAD Backs Road Construction Project in Northeast with CFA30 Billion

Investments
Friday, 28 June 2024 14:59
Togo: BOAD Backs Road Construction Project in Northeast with CFA30 Billion

(Togo First) - The West African Development Bank (BOAD) has approved a CFA30 billion facility to help develop and asphalt the Tchaasémondè - Gandé - Agbang road, in the northeast of Togo. The Bank disclosed the news on June 27, just after its 142nd board meeting. 

The construction project aims to ease access to this part of Togo while boosting economic, social, and cultural exchanges at the local and regional levels, especially with the Republic of Benin.

The project is expected to create some 4,200 direct and indirect jobs. Also, Togolese authorities claim it will help slash accidents by 80% on the axis.

Besides this project, the BOAD also approved another CFA30 billion financing for the Agri-Food Processing Project (PTA).

Overall, during the meeting, the Bank allocated CFA162 billion in new financing to support WAEMU countries.

Ayi Renaud Dossavi

To contact us: c o n t a c t [@] t o g o f i r s t . c o m

Please publish modules in offcanvas position.