Road transport: BAD allocates 36 million USD to Togo
15 February 2010
The African Development Bank (BAD) has signed an agreement with Togo to provide the sum of 36.2 million Dollars for a major highway infrastructure project.
This involves the upgrading of a stretch which forms part of the Abidjan-Lagos Trans-African highway.
The agreement was signed on 11 February in the presence of Togo’s Minister of Economy and Finances, Mr. Adji Ayassor, according to the the BAD press release.
11 February also marked the recognition of an important infrastructure project in Togo.
The project, mounted by ContourGlobal Togo SA, has won the prize for the private electricity generating project of the year in Africa, awarded by the magazine Euromoney Project Finance, for its 100 MW power station in Togo.
The judges particularly praised what is the first and biggest project involving an independent electricity power station in Togo. The station will go into commercial operation in April 2010.