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
• Inflation within the West African Economic and Monetary Union (UEMOA) fell to a two-year low of 0.6% in May, bolstered by a decline in food costs. •...
• Interbank volumes rose 18.7% in May, while rates declined across the market• The BCEAO cut its main policy rate to 3.25% following a sharp drop in...
• EY is preparing to leave Francophone Sub-Saharan Africa by 2026• The exit could unlock $500 million to $1 billion in annual market...
Sixty-five percent of banks in sub-Saharan Africa view cyber risks as a major hurdle to digitalization, according to the European Investment Bank. In...
Most Read
01

• Global coffee consumption projected to hit a record 169.4 million 60-kg bags in 2025/2026, up from...

Coffee: Global Consumption Expected to Reach Record Level in 2025/2026
02

• Algeria grants commercial 5G licenses to top three telecom operators: Mobilis, Djezzy, and Ooredoo...

Algeria Awards Commercial 5G Licenses
03

• Investors seem to keep focusing on yields, which are high for the moment• New Leadership might see...

Afreximbank Bonds Retain Market Confidence Despite Moody’s Downgrade
04

• Kenyan President William Ruto signs strategic partnership with UK Prime Minister Keir Starmer to b...

William Ruto in London: New Agreement Aims to Double Kenya-UK Trade by 2030
05

• IFC teams up with AfDB and Nigeria’s EbonyLife to assess a new fund for African cinema• Sector cou...

IFC Plans Investment Fund to Help Grow African Film Industry
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

Benjamin FLAUX
bf@agenceecofin.com 
Téls: +41 22 301 96 11 
Mob: +41 78 699 13 72
Média kit : Download

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.