ADB lends Benin more than $49 million for a highway project
20 April 2010
The African Development Bank (ADB) has lent a package of 49.4 million Dollars to Benin in order to finance a project for upgrading the key highway linking Ndali-Nikki-Chicandou to the Nigerian border.
This financing consists of a donation of 32.5 million Dollars and a loan of 16.9 million.
The work will include the preparation and asphalting of 77 km, and should be completed in June 2013.
The aim of the project is to contribute to the opening up of the interior of the company and the strengthening of regional integration and the growth of regional exchanges, as reported in an ADB press release.
Such highway infrastructure projects may be unveiled shortly, following the visit by the President of Burkina Faso, Blaise Compaoré, to Cotonou last week.
The PANA press agency reports that the aim of the meeting was to bolster co-operation between the two countries, in particular in the infrastructure sector.