Senegal wants to mobilize 3.4 billion USD for its infrastructure

25 March 2011

The Senegalese government wants to finance a number of infrastructure projects over the next five years, costing a total of 3.4 billion dollars.

The aim is to "lift the country, in the near future, to the level of economic emergence", explained a press release from the government, reported by the MAP press agency.

A number of banks and financial institutions were welcomed on Tuesday by the Senegalese Head of State. "They are committed to continuing their partnerships with Senegal, which they see making great strides in the development of its infrastructures", reveals the Presidency spokesman, Serigne Ndiaye, quoted by the newspaper Réussir Business.

The aim of the projects is to alleviate the shortage of infrastructures for road, rail, port and air transport, said the Senegalese Minister of Finance, Abdoulaye Diop.

Participating at the conference, a representative of the World Bank, Moctar Thiam, stressed that the contribution of Senegal will probably be augmented and could be between 450 and 500 million USD for the next three years.

Category: Transport

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