Public Management

World Bank grants $470mln to improve traffic on the Lomé-Ouagadougou-Niamey road corridor

World Bank grants $470mln to improve traffic on the Lomé-Ouagadougou-Niamey road corridor
Wednesday, 21 July 2021 18:07

The World Bank announced an investment of $470 million to accelerate the development of the Lomé-Ouagadougou-Niamey road corridor.

The grant, decided by the World Bank’s Board last July 15,  will be provided by the International Development Association (IDA) to improve the quality of transport and transit services along this 1,065 km corridor, which links the three capitals of Togo, Burkina Faso, and Niger. The ultimate objective is to develop trade and reduce transport time for goods imported and exported via the port of Lomé and between the three countries.

This is a major and vital axis that accounts for 28% of Niger's GDP and 7% of its population, 40% of Burkina Faso's GDP and 21% of its population, and 72% of Togo's GDP and 65% of its population.

“The LON corridor is of strategic importance to Burkina Faso, Niger, and Togo, and we are dedicated to supporting the countries to unleash its economic potential,” said Anne-Cecile Souhaid, Senior Transport Specialist at the World Bank, and Task Team Leader for the project.

“This project facilitates regional cooperation by combining support for transport and trade networks with institutional reforms and logistics services to collectively address the challenges shared by the participating countries.”

The scope of the project also includes assistance in improving customs procedures, the transport data management system, and the professionalization of transport actors. A social component is also planned with the rehabilitation of health centers, schools, and related infrastructure.

Once the project is completed, the financial institution estimates that, in addition to improving road safety, freight travel time from the port of Lomé to Niamey will be reduced by 25%, and border truck traffic between Togo and Burkina Faso will be reduced by 62% and by 54% between Burkina Faso and Niger.  More importantly, this project will also generate strong and inclusive growth in local communities, addressing gender disparities and benefiting millions of people. It is expected that the percentage of women among certified professionals in the trucking and logistics industry will increase from 0 to 15%.

Romuald Ngueyap

Additional Info

  • communiques: Non
  • couleur: N/A
On the same topic
Blue Earth Capital secures over $100 million first close Impact secondaries strategy targets emerging markets, including Africa and...
Coris buys Portugal state’s 59.81% stake in Banco Comercial do Atlântico Deal approved by Portugal and Cape Verde regulators Transaction...
Togolese banks provided 16.2% of WAEMU cross-border credit by September 2025 Regional cross-border financing rose to CFA405.6 billion Credit...
Sahel Capital secures $29 million first close for agribusiness fund SCAF II targets West African agribusiness value chains Fund makes first...
Most Read
01

Africa’s energy & mining exports benefit from US tariff exemptions, cushioning trade as most other...

Africa’s Energy Boom in 2026 Puts AfCFTA at the Heart of Its Trade Response to US Tariffs
02

Development Partners International sold its 20.17% stake in Atlantic Business International for mo...

DPI Exits Atlantic Business International in $200 Million-Plus Deal
03

Nigerian fintech Paystack launches Paystack Microfinance Bank Bank created after acquiring ...

Stripe-Owned Paystack Enters Nigerian Microfinance Banking Via Acquisition
04

Nigeria granted Amazon Kuiper a seven-year license starting February 2026 The move opens comp...

Amazon wins approval to enter Nigeria’s satellite internet market
05

This week in Africa, Africa CDC continues its clinical trial on mpox, while a new study highlights l...

Weekly Health Update| Rising diabetes rates raise health risks in Morocco and the MENA region
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.