World Bank disburses first tranche of CFA145 billion to support the Lomé-Ouagadougou-Niamey corridor project

Investments
Monday, 04 October 2021 12:10
World Bank disburses first tranche of CFA145 billion to support the Lomé-Ouagadougou-Niamey corridor project

(Togo First) - The World Bank approved last Wednesday the disbursement of CFA145 billion for the Lomé-Ouagadougou-Niamey corridor. 

Half loan, half grant, the facility will allow Burkina Faso to develop the smart corridor project which it steers through the deployment of an integrated information system. The funds will also be used to build community infrastructures to boost the resilience of people living around the corridor.

The Lomé-Ouagadougou-Niamey corridor spans 1,065 km. This project will boost connectivity, security and create economic opportunities along the road axis that connects Burkina Faso, Niger, and Togo. It will also boost trade between these three countries by cutting delays and costs for moving goods.

The facility is the first tranche of a $470 million commitment -for the project- approved by the World Bank’s board on July 15, 2021.

Esaïe Edoh

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