Togo: CAD Fund to support new development projects

Investments
Tuesday, 11 September 2018 19:08
Togo: CAD Fund to support new development projects

(Togo First) - The China-Africa Development Fund (CAD Fund) announced September 6 it will support new projects featured in Togo’s national development plan (PND) for 2018-22.

Presenting interests and opportunities for targeted investments in Togo, the CAD Fund, which conditions its support on the feasibility and good control of the risk associated with these projects, said it will help mobilize Chinese sectoral investors for the Togolese PND. “Based on the LCT (Lome Container Terminal) project jointly funded with China Merchant, CAD Fund will continue to monitor projects in infrastructure, industrial parks, hydroelectric power, resource development and aeronautics”, said Shi Jiyang the Fund’s CEO.

Focus projects include the expansion of the Port of Lomé and the industrial park. “CAD Fund is currently studying ways to expand LCT and the industrial park. Once the feasibility studies is completed, we will advance to the project implementation,” Shi Jiyang said.

In addition to these two projects, CAD Fund plans to invest in Asky Airlines, a lome-based pan-African airline which serves about 20 destinations in West and Central Africa.

The Fund also announced investment in the Adjarala dam construction project and committed to help boost phosphate production. According to the manager, the Togolese phosphate is of “better quality” but the current volume generated are insufficient.

Let’s note that both sides signed a Memorandum of Understanding (MoU) during the China-Togo business forum. But no more detail has been revealed yet.

Fiacre E. Kakpo

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.