BIDC: More Franco-African co-operation for infrastructure projects

9 November 2009

The Cedeao Investment and Development Bank (BIDC) has announced its intention to co-operate to mutual advantage with French companies in the sectors of energy infrastructure, NITC, and transport in the countries of West Africa.

Christian Adovelandé, President of the organization, made the announcement during a visit by a delegation of French businessmen to Togo this week.

This follows a declaration by the Director General of the French Bollore Group, Gilles Aix, who has made known his intention of investing in transport infrastructures in Africa.

His intention is to invest 250 and 130 million Euros in the ports of Pointe Noire in the Democratic Republic of the Congo and Cotonou in Benin, as reported by the magazine Réussir.

Mr. Alix also said that his company is likewise interested in railways, and made an appeal to potential investors.

“Railways are a super means of transport, but it needs the States themselves and the outside funds providers to become interested in the construction of railway infrastructures”, he declared at a press conference.<br/>