85 million USD from EIB to support projects of WADB in West Africa

20 June 2011

The European Investment Bank (EIB) has granted a loan of 85 million dollars to support the West African Development Bank (WADB) in a number of development projects in West Africa.

In a press release reported last Thursday by the APS press agency, the two institutions explained that the aim of this operation is to support major public and private investments in the sectors of energy, industry, transport, food and tourism.

These are "regional projects which promote economic integration in West Africa, in particular sub-projects relating to the environment or to renewable energies", states the press release.

The West African Development Bank has already benefited from a loan of over 35 million dollars, signed in 2004, which financed the modernization of drinking water distribution in Niger and Benin, projects to extend electricity lines in Benin and Senegal and the renovation of the port of Dakar, reports the EIB on its website.

Categories: Transport, Energy

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