Lomé-Cotonou Road Rehabilitation Project Will Be Complete in 3 Months (AfDB)

Transport

Monday, 01 July 2024 16:22

Lomé-Cotonou Road Rehabilitation Project Will Be Complete in 3 Months (AfDB)

(Togo First) - Works to rehabilitate the Lomé-Cotonou road will be done in three months. The African Development Bank (AfDB) announced the date, after visiting the site last Thursday, June 25. According to the bank, the work is 80% complete at the moment.

The AfDB delegation was with two others–one from the European Union and another from the West African Development Bank (BOAD).

"We're very pleased with what we've seen. The work is almost complete. In a few months, the work will be handed over, which will help strengthen regional integration in West Africa", said Joaquin Tasso Vilallonga, European Union ambassador to Togo.

The EU delegation also visited the Baguida market, in the Golfe 6 municipality. There, 13 new sheds and warehouses have been built, and the water and electricity distribution network has been rehabilitated.

The Lomé-Cotonou Road Rehabilitation and Coastal Protection Project (Phase 2) is financed by the AfDB, the EU, BOAD, the Global Environment Facility (GEF), and the Togolese government. The project’s total cost is €181.4 million.

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)

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GETTING ELECTRICITY (more info)

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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.