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
IFC reviewing €7.5M loan for Catramp’s regional logistics expansion in Central Africa Project to boost warehouse capacity in Cameroon, Chad, and...
The Central Bank of Guinea plans a payment system modeled on Kenya’s M-Pesa. The initiative aims to reduce reliance on cash and expand digital...
The African Union launches the 2025–2034 Decade of Education and Skills Development. UNESCO supports regional programs to embed sustainability in...
Standard Bank to open Cairo office on Nov. 12, 2025 Office to boost trade links between Egypt, Gulf, and Africa Bank also seeks full license...
Most Read
01

The Bank expects a 41% rise in 2025 and a further 6% increase in 2026. Gold topped $4,00...

World Bank sees precious metal prices staying high until 2027
02

Social media users accuse the UAE of backing Sudan’s RSF militia. Activists and celebrities c...

UAE faces backlash over alleged role in Sudan’s gold and arms trade
03

Tunisia to launch first fully digital hospital as part of health reform. Project includes AI diag...

Tunisia to Build First Fully Digital Hospital in National Health Overhaul
04

With COP30 approaching, the International Renewable Energy Agency is calling for a global goal: to q...

With Costs High, IRENA Urges Global Pact to Quadruple Sustainable Fuel Production
05

Annual consumer-price inflation slowed to 11.9 % in October, the weakest reading since April,...

Zambia’s Inflation Retreat Extends to Six Months as Policy Mix Gains Traction
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.