HomeNewsFinancing agreement signed for Lomé-Ouaga-Niamey road in Togo

Financing agreement signed for Lomé-Ouaga-Niamey road in Togo

A financing agreement for the construction of the 1065 kilometers Lomé-Ouaga-Niamey road in Togo, which is an essential axis in the supply chain of Togo, Burkina Faso and Niger, and an essential route for the three countries respective economies, has been signed.

The agreement was signed between the government of Togo and the World Bank Group represented respectively by Sani Yaya, the Togolese Minister of Economy and Finance, and Coralie Gevers, the World Bank’s Country Director for Côte d’Ivoire, Benin, Togo, and Guinea.

Owing to the agreement the West African country will receive US$ 120M for the implementation of the project.

Also Read: Lom?-Cinkass? road project to be developed jointly by Togo and ARISE IS

Scope of the Lomé-Ouaga-Niamey road project

According to the Togolese Republic government portal, the Lomé-Ouaga-Niamey road project involves the rehabilitation of the Aouda-Kara section on the RN1, the improvement of access roads to the agropoles of Kara and Oti, the implementation of corrective actions on the Lomé-Cinkassé axis, improvement of border crossing processes and infrastructures as well as transit procedures.

The project will also include the construction of a vehicle scrapping center and car parks along the corridor, the establishment of an intelligent information system, support for the professionalization of road transport actors, and banking institutions for risk-sharing for the rejuvenation of the large-bodied vehicle fleet.

Set to be undertaken within a span of 5 years, the Lomé-Ouaga-Niamey road project is placed under the supervision of the transport ministries of the three countries, which have already signed a Memorandum of Understanding (MoU) to ensure the harmonization and coordination of the project.

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