WADB grants 22 million USD to Burkina Faso for road rehabilitation project
3 August 2011
A loan agreement for 22 million dollars was signed last Thursday between the West African Development Bank (WADB) and the government of Burkina Faso, relating to the financing of a road infrastructure rehabilitation project.
This involves the bituminization of the section of national highway No. 2, 64 km long, which links Ouahigouya to the border with Mali.
This is a section of a larger route which will connect Burkina, Mali and Niger.
"The budget is already fixed, given that the rest is being provided by the national counterparty", explained the minister of Finance, Marie Noël Bembemba, in a quote by the Xinhua press agency.
The call for tenders will be launched shortly and work should commence in the first quarter of 2012.
Last week, in the economic weekly The Economist, the African Development Bank stressed the importance of investing in infrastructures, since the lack of road infrastructures and the shortage of water, sanitation and electricity are reducing production in sub-Saharan Africa by close to 40 percent.