New project financing totalling XOF95bn agreed by West African Development Bank.
The Board of Directors of the West African Development Bank (BOAD) has committed 95bn West African Francs, or around €140m, to four projects in Benin, Burkina Faso, Niger and Togo.
Storm water drainage in Benin: XOF20bn will be spent to construct over 12km of primary and secondary storm drain collectors in secondary sites to help reduce the impact of flooding on vulnerable populations and local economies.
Regional Road 11 in Burkina Faso: An XOF30bn project to strengthen economic integration of the Mouhoun belt, Centre-West and South-West regions through the development of more than 90km of major roadway, the upgrade of link sections and access ramps and the development of 100km of rural tracks to better connect rural populations to the wider economy.
Diffa Airport in the Republic of Niger: Extension of the runway from 1,800m to 3,000m in length and from 30m to 45m wide so as to increase its ability to accommodate modern aircraft and grow its economic and commercial activities. There will also be the construction of an air traffic control tower, a taxiway, apron, a terminal building and VIP lounge and installation of additional equipment. The announced funding for this project is XOF25bn.
Industrial and logistics park in Togo: An XOF20bn facility will be built and connected to wider infrastructure to increased national logistics capacity to support agricultural and mining growth by creating the conditions for processing.
The projects are just the latest loans made available by BOAD to help spur economic resilience and growth across West Africa. Other recent funding packages have been agreed for a hotel in Côte d’Ivoire and social housing in Mali.