Gabon: African Development Bank grants 140 million euros loan for infrastructure development
20-Dec-2019
The Board of Directors of the African Development Bank approved this Thursday in Abidjan a loan of 140 million euros intended to finance phase 1 of the infrastructure sector support project (PASIG) in Gabon.
Phase 1 of PASIG consists mainly of the construction and asphalting of the Ndendé-Doussala section (49 km) and the border bridge between Gabon and Congo, on the Ngongo river, as well as the construction and asphalting of some 21 km of roads in Libreville. It also includes institutional support for strategic studies capable of supplying a reserve of bankable projects in the road sector.
"This is an ambitious project for Gabon, an important operation for the Bank," said Racine Kane, Deputy Director General of the Bank for the Central African region. "By contributing to efforts to link Gabon and the Congo with a perennial road infrastructure that can be used in all seasons, the project will allow the Bank to consolidate its support role in the implementation of the Consensus Master Plan for Transport in Africa power plant adopted in January 2004 ”, he added.
The PASIG project will thus facilitate travel between cities and communities, by improving the efficiency of the transport logistics chain, by reducing the transport costs between Libreville and Brazzaville, by improving travel conditions in Libreville and by contributing to improvement of the access of the populations of the project area of influence to basic socio-economic infrastructure.
“This new operation is a concrete response that will link southern Gabon to the Transgabonais. It is an inclusive project that will affect some 100,000 inhabitants, more than half of whom are women, ”said Robert Masumbuko, country representative of the African Development Bank in Gabon.
The Bank already approved, in 2012, financing of more than 250 million euros (165 billion CFA francs) for the development of the Fougamou-Mouila, Ndendé-Lébamba and Laléyou-Lastoursville sections. The facilities provided by PASIG are a new sign of the Bank's support for infrastructure development in Gabon.
PASIG is aligned with the key objectives of the African Development Bank's ten-year strategy (2013-2022) as well as with the Bank's five strategic priorities, “High 5”, notably those relating to regional integration and improvement of the living conditions of African populations. The program is also part of the 2019-2024 Action Plan for Sustainable Urban Development drawn up by the Bank, which aims to provide a response to a set of challenges facing cities on the continent.
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