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
Standard Bank arranged a $250m facility to fund Aradel Energy’s expansion and acquisition plans. The deal allows Aradel to raise its stake in ND...
Cameroon ratifies AfDB loans worth 89 billion CFA francs Funding backs CAP2E youth employment project in the Far North Project targets training, jobs,...
Cameroon ratifies AfDB loans worth 89 billion CFA francs Funding backs CAP2E youth employment project in the Far North Project targets training, jobs,...
Burkina Faso adopts 2026-2030 Recovery Plan guiding economic and social policy Five-year plan mandated by law, replacing previous national development...
Most Read
01

Except for Tunisia entering the Top 10 at Libya’s expense, and Morocco moving up to sixth ahead of A...

Global Firepower Index 2026: Egypt, Algeria, Nigeria Lead Africa's Military Rankings
02

Circular migration is based on structured, value-added mobility between countries of origin and host...

Circular migration as a lever to turn Africa’s student exodus into value
03

President Tinubu approved incentives limited to the Bonga South West oil project. The project tar...

Nigeria approves targeted incentives to speed up Shell’s Bonga South West project
04

CBE introduced CBE Connect in partnership with fintech StarPay. The platform enables cross-border...

Ethiopia’s CBE launches digital platform to channel diaspora remittances
05

Urban employment reached 53.7% in WAEMU in early 2025 Most jobs remain informal, low-paid, and in...

WAEMU employment tops 50% in 2025, but job quality remains weak
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.