West Africa €652m road infrastructure deals signed

30 Nov 17

The European Commission and the African Development Bank have signed five co-financing agreements to support road infrastructure in West Africa. 

The total cost of the projects would be €652m, whereof the development bank would contribute €350m in loans and grants while the Commission is set to provide €105m in grants.

The rest of the funding would come from other partners, such as the West African Economic and Monetary Union, the countries in the region and other donors.

AfDB senior vice-president Charles Boamah said the agreements “demonstrate the strong partnership between the bank and the European Commission”.

The funding would projects around West Africa, including the construction of a bridge between Mauritania and Senegal, road development and transport facilitation on the Bamako-San Pedro corridor between Mali and Côte d’Ivoire, and the rehabilitation of the Lomo-Cotonou road.

The agreements were part of the framework known as the Pillar Assessed Grant or Delegation Agreement between the two bodies.

Boamah added: “We are on the right path and I am convinced that our cooperation will continue to grow.

 

 

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