WADB grants $40 million to infrastructure projects in Burkina
12 April 2010
The West African Development Bank (WADB) has granted two loans to finance water management projects and highway infrastructures and IT in Burkina Faso, as the press agency APA reports.
The first loan, worth 14.6 million Dollars is destined for the mobile telephone operators Telecalfaso, and will be used to finance its network extension projects.
The second loan, of 26.75 million Dollars, is intended for the partial financing of the project for strengthening the water drainage network of the city of Ouagadougou and the reconstruction of highway infrastructures in the country.
The second loan is going to allow Burkina Faso to get closer to its Millennium Development Objectives (MDO).
The MDO, set by the United Nations, are aimed at reducing by half by 2015 the percentage of the population who do not have access to basic water services.