The World Bank has approved an additional loan of $27 million for Cape Verde to finance reforms launched since 2013 in its transport sector, the country’s government recently announced.

According to the government, the reforms project aims, not only at improving the nation’s road network, but the performances of companies operating in the transport industry as well.

Out of the additional facility, $17 million will be spent to renovate and maintain roads while $3 million will be dedicated to emergency works.

Next, $1 million will be invested in institutional strengthening and project management, while road security and inter-Island transport strategy will respectively capture $1 million and $3 million.

Fiacre E. Kakpo