Public Management

Congo sets about $11mln aside for road projects

Congo sets about $11mln aside for road projects
Monday, 20 September 2021 20:09

Congo currently has 24,000 km of roads, but only 4,000 km are paved, half of which are currently under concession. Pending a national plan to strengthen its infrastructure, the country is focusing on maintaining the few existing kilometers.

At its meeting on Tuesday, September 14, the Congo Road Fund adopted a budget of CFA6.105 billion (about $11 million) for its activities in FY2021-22. This amount is double the CFA3 billion adopted in FY2020-21 but is still lower than that over the years before 2020. "This year's Road Fund budget is insignificant and will not meet the challenges expected. Until 2014, our budget reached CFA60 billion," said the Road Fund MD Elenga Obat Nzenguet.

The institution has initiated some projects, some of which will start by the end of the year. These include the construction of crossing structures and a "bridge over the Louala River between Mouyondzi and Kingoué," which are strategic spots in the country, located halfway between Brazzaville and Pointe-Noire.

The Congo Road Fund is responsible for financing programs to protect the national road heritage, ensure road safety, maintain the road network, and carry out road rehabilitation and development programs.

Henoc Dossa (intern)

Additional Info

  • communiques: Non
  • couleur: N/A
On the same topic
Africa’s factoring volume rose from €21.6 billion in 2017 to €50 billion ($58.17 billion) in 2024. Afreximbank says the continent must...
Additional $800,000 brings MM Lekker’s total SEFAA financing to $1.2 million Company to expand farmer network, strengthen supply...
Safaricom secured KES 20B ($154M) in a 176% oversubscribed green bond, funding tower solarisation to cut diesel costs permanently. Capital is deployed...
Fund backed by World Bank aims to ease SME access to bank credit Only 22% of SMEs secure loans; banking access remains limited at 7% The Central...
Most Read
01

Camtel to launch Blue Money in 2026, entering Cameroon’s crowded mobile money market led by MTN Mo...

Cameroon: State Owned Telecommunication Company To Enter Mobile Money Market
02

Eritrea faces some of the Horn of Africa’s deepest infrastructure and climate-resilience gaps, lim...

AfDB Re-engages Eritrea With Strategy Focused on Infrastructure, Climate Resilience and Regional Integration
03

Huaxin's $100M Balaka plant localizes clinker production, saving Malawi $50M yearly in f...

Malawi: New $100M Cement Plant Targets Forex Crisis but Faces Energy Reality
04

Nigeria seeks Boeing-Cranfield partnership to build national aircraft MRO centre Project aims t...

Nigeria Pursues Boeing, Cranfield Partnership to Establish Aircraft Maintenance Center
05

Omer-Decugis & Cie acquired 100% of Côte d’Ivoire–based Vergers du Bandama. Vergers du Band...

Omer-Decugis & Cie Expands Mango Operations in West Africa
Enter your email to receive our newsletter

Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

SALES & ADVERTISING

regie@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72


EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

 
 

Please publish modules in offcanvas position.