BOAD to finance construction works on the Aléhéridé-Kpaza-Tchamberi road, in northern Togo

Public Management

Wednesday, 15 June 2022 16:15

BOAD to finance construction works on the Aléhéridé-Kpaza-Tchamberi road, in northern Togo

(Togo First) - The Board of Directors of the Banque Ouest Africaine de Développement or BOAD (West African Development Bank) announced on 14 June 2022, at the end of its 131st ordinary session, that it had approved a CFA28 billion loan to Togo. The money will be used to build and asphalt the Aléhéridé-Kpaza-Tchamberi road (North-Togo) as part of a wider road and bridge construction project that covers the whole country.

The BOAD added that the completion of this work in the north of the country will contribute to opening up the area and facilitating economic, social, and cultural exchanges both at the national and sub-regional levels.

The facility, which also supports Togo’s rural road development policy, will help cut travel time by 66% and vehicle operating costs by 60%, along the new road, said the Bank.

Last month, the French Development Agency (AFD) also injected €30 million (nearly CFA20 billion) into the PAPR II or Rural Trails Support Program, thus supporting Togo’s policy for opening up.

The Togolese government, let’s recall, wants to build 4,000 km of rural roads in all five economic regions by 2025. Its motivation in doing so is to foster the integration of the rural environment, making it easier for households and farmers to access inputs and sales markets.

Esaïe Edoh

REFORMS OVERVIEW

STARTING A BUSINESS (more info)

At the fifteenth position, worldwide, and first in Africa, under the Starting a Business index of the 2020 Doing Business ranking, Togo sustains its reformative dynamics with more reforms….

ENFORCING CONTRACTS (more info)

Compared to some years ago when it was one of the lowest rankers under the Doing Business’ Enforcing Contracts indicator, Togo, leveraging many efforts to improve its business climate, was able to jump significantly on the index in the recent years... .

CONTRACT EXECUTION (more info)

Creation of special chambers of commerce for small debts • Creation of chambers of commerce at the Court of Appeal • Civil and commercial cases now handled by distinct clerks • Establishment of commercial courts in Lomé and Kara • Lawyers and bailiffs now have access to the FORSETI COMMERCIAL platform • A maximum period of 100 days was fixed to settle a commercial dispute .

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In comparison to previous years,Togo has significantly improved its ranking under the“Trading across borders” indicator by adopting multiple reforms that focus mainly on the digitization and reduction in delays, for import and export procedures related to import and export.

In comparison to previous years, Togo has significantly improved its ranking on the “Trading across borders” index by adopting multiple reforms that focus mainly on the digitalization and reduction in delays, for import and export procedures related to import and export.

CONSTRUCTION PERMIT (more info)

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PUBLIC PROCUREMENT (more info)

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PAYING TAXES AND DUTIES (more info)

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