World Bank disburses additional CFA6 billion for Carrier Hotel project

Wednesday, 26 May 2021 14:43
World Bank disburses additional CFA6 billion for Carrier Hotel project

(Togo First) - To boost connectivity and support its digital economy, the World Bank will provide Togo with additional financing of $11 million (about CFA6 billion). The Bretton Woods institution, on May 21, said it approved the facility via its specialized arm, the International Development Association (IDA). 

The financing falls under the West Africa Regional Communications Infrastructure Program - WARCIP. The latter aims to improve the World Bank’s support to major projects undertaken in Togo, cut costs of communication services and expand the reach of broadband. 

In detail, the monies will be used to “complete the construction of the neutral and open hosting and co-rental center (Carrier Hotel).” The latter said the Washington-based institutionwill serve as a regional hub for the purchase and resale of international bandwidth capacity on the broadband market in Togo.”

The installation of planned infrastructures as part of this project will help reduce the cost of international connectivity and support Togo’s digital transformation program,” added Hawa Cisse Wagué, Resident Representative, World Bank Togo. Moreover, the funds announced should help finalize the 2025 Digital Togo strategy. 

WARCIP-Togo is part of the second phase of the WARCIP, a larger project financed by the World Bank ($300 million) and aimed at bridging connectivity gaps in 16 countries in West Africa and other parts of the world. 

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.