Fifteen million Euros to reform CFCO railway in Congo
9 February 2011
Brazzaville: the Congo, the World Bank, the European Union (EU) and the African Development Bank (ADB) have just signed a 15 million Euro agreement to renovate the Congo-Ocean railway (CFCO).
This investment is being half funded by the Congo, with the rest being shared between the other three partners, it has been learned by the PANA press agency from sources at the ministry of Transport.
The CFCO is a strategic route for the Congo, as it runs for 510 km across the country, connecting the port of Pointe-Noire on the Atlantic Ocean to Brazzaville on the river Congo.
It is therefore essential to the economic development of the country. The CFCO website says that in 2012 the rail track will carry a total of 1,650,000 tonnes of goods and 1,280,000 passengers.
As well as this renovation, part of the funding will contribute to the diversification of the economy, the implementation of projects to improve competitiveness, support for public-private dialog and the promotion of private investments.