AfDB's UA 2.34 Million* to Improve Roads and Travel Conditions in Togo and Burkina Faso

29 May 2015
Content from a Premium Partner
African Development Bank (Abidjan)
press release

The Governments of Togo and Burkina Faso, on May 29 in Abidjan, signed a protocol agreement worth 2.34 million Units of Account (UA)* with the African Development Bank (AfDB) to fund the Multinational Togo-Burkina Faso road rehabilitation and transport facilitation on the Lomé-Cinkanse-Ouagadougou corridor.

The fund (UA 1.7 million* for each country) will contribute to improving the road and travel conditions, and facilitate regional integration between the two countries and within the Economic Community of West African States (ECOWAS) zone.

Speaking on the occasion, AfDB Vice-President in charge of Regional Integration, Infrastructure and Private Sector, Solomon Asamoah, recalled the relevance of the effective and timely implementation of the project. He observed that the project zone is the backbone of Togo's road network and the only road linking all the regions of the country. The corridor is very important for the sub-region's landlocked countries, particularly Burkina Faso, Lomé Port being the primary transit port for its trades and that of Niger and Mali.

As he expressed his country's gratitude to the Bank for funding the project, Burkina Faso Finance Minister Jean Gustave Sanon echoed Vice-President Asamoah, stressing the need for urgent rehabilitation of the corridor. "We are a land-locked country in dire need for this indispensable infrastructure to improve our economy," he affirmed. He also used the opportunity to recognize the sub-regional integration component of the project. "I salute the cooperation between my country and Togo."

Speaking shortly afterward, Togo's Finance Minister, Adji Otèth Ayassor, focused on the role the Bank Group has played in his country's economy and particularly in funding infrastructure. "We appreciate the importance of this road, which will facilitate trade and regional integration, as well as contribute to the well-being of people in our countries."

Vice-President Asamoah reaffirmed the Bank's commitment to accompany the two countries, which he encouraged to continue their efforts to strengthen economic integration and sub-regional cooperation of West African Economic and Monetary Union (UEMOA) and ECOWAS member countries, and to improving accessibility to the countries in the hinterland.

Read the original article on African Development Bank (AfDB).

Tagged:
Copyright © 2015 African Development Bank. All rights reserved. Distributed by AllAfrica Global Media (allAfrica.com). To contact the copyright holder directly for corrections — or for permission to republish or make other authorized use of this material, click here.

AllAfrica publishes around 400 reports a day from more than 100 news organizations and over 500 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.