African Development Fund approves $59.8 million for Benin-Togo border road rehabilitation
Togo, June 8 -- The Board of Directors of the African Development Fund (ADF) has approved a $59.78 million loan to support the rehabilitation of a key transborder road section linking Benin and Togo as part of efforts to boost regional trade and economic integration in West Africa.The financing, approved on 21 May, will fund the rehabilitation of 78.8 kilometres of road between Kara and Kabou along the Benin-Togo border as part of the first phase of the Transit Roads and Transport Facilitation Project on the CU18 corridor.The project is co-financed by the ADF, the concessional lending arm of the African Development Bank Group, the Islamic Development Bank (IsDB), the West African Economic and Monetary Union (WAEMU), and the governments of T...
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