Togo: Port of Lomé receives two investments from the WADB and Germany
17 December 2010
Last Monday, the West African Development Bank (WADB) granted a loan of more than 10 million dollars to the Autonomous Port of Lomé (APL).
This package is intended to fund part of the repair works on the infrastructure and equipment.
According to a report issued by the newspaper Republic of Togo, this project is intended to provide for annual traffic of at least 5 million tonnes of merchandise, to enable greater fluidity, to make the ore tanker quay usable all year round, and to guarantee the supply of the port with drinking water and electricity.
Also, last week Germany granted Togo more than 17 million dollars to complete the project of renovating the small road loop of Lomé, reports Agence Savoir News.
According to the Togolese Minister of Finances, the implementation of this project, which will start in 2011, will "increase traffic within the Autonomous Port of Lomé and relaunch the national economy".