Public Management

Senegal: African Development Bank provides €29 million for development of road networks 6 Communes

Senegal: African Development Bank provides €29 million for development of road networks 6 Communes
Friday, 23 September 2022 15:03

The Board of Directors of the African Development Bank Group has approved a €28.88 loan for improvements to the road and transport network linking six Senegalese municipalities.  The loan was approved on 20 September 2022.

The financing will be sourced from savings from the Senegal Cities Modernisation Programme.

The funds will support the construction of 28 kilometers of urban roads in asphalt concrete, paving stones and concrete. These works will complement earlier project achievements including the construction of 45.4 kilometers of asphalt roads, 21.6 kilometers of paved roads and the rehabilitation of 11.2 kilometers of asphalt roads.

The target areas are Yeumbel Nord (Dakar suburbs), Keur Massar and Guédiawaye (Dakar region), Thiès (West), Kaolack (Centre-West) and Saint-Louis (North-West).

The financing will also be used for drainage, public lighting, and the construction or repair of cabins that can be used as restaurants and sheds. An empowerment centre will also be set up to advance women’s and youth employment. Under the initiative, local authorities will receive training in geographic information systems, database management, planning, investment programming and procurement.

The programme is expected to improve the competitiveness of the beneficiary cities, which will be able to undertake planned growth. The support to Senegal's first Cities Modernisation Programme demonstrates the Bank's renewed approach to supporting the development of urban areas. This approach, which combines investment in infrastructure and institutional capacity building, is all the more important as it focuses on medium-sized and peripheral cities, thus contributing to regional rebalancing.

Launched in 2017 to boost decentralisation and drive Senegal’s economic and social development in the country, the first Cities Modernisation Programme received €114.34 million in financing from the African Development Bank. It covers 13 municipalities in the country: Diourbel, Kaolack, Kolda, Louga, Matam, Saint-Louis, Tambacounda, Thiès, Ziguinchor, Guediawaye, Keur Massar, Yeumbeul and Mbour. Objective:

About the African Development Bank Group

The African Development Bank Group (AfDB) is Africa’s premier development financing  institution, It comprises three separate entities: the African Development Bank (ADB), the African Development Fund (ADF) and the Nigeria Trust Fund (NTF). Represented in 41 African countries and a field office in Japan, the Bank contributes to the economic development and social progress of its 54 regional member states. For more information, please visit www.afdb.org

logo BAD

Additional Info

  • communiques: Non
  • couleur: N/A
On the same topic
• NSIF denies rumors of interest in buying Chococam, saying it is focused on other projects.• Cadyst Invest, linked to Célestin Tawamba, is rumored to...
• AXA sells 80% of AXA Crédit Morocco to Stellantis’ Fidis arm• Stellantis to offer bundled car sales, financing, and insurance• Move aligns with...
• PIPL licensed by FSRA to operate in Abu Dhabi Global Market• Firm to raise global capital for key African growth sectors• License enables advisory, fund...
• DRC unveils $20.3B 2026 budget, up 16.4% from 2025• Budget targets revenue growth, reconstruction, inequality reduction• Reforms planned amid...
Most Read
01

From Dakar to Nairobi, Kampala to Abidjan, mobile money has become a lifeline for millions of Africa...

Africa's Boundless Future: How a simple mobile phone became a pocket bank for millions
02

• WAEMU posts 0.9% deflation in July, second month in a row• Food, hospitality prices drop; alcohol,...

WAEMU Region Records Second Straight Month of Deflation, at -0.9% in July 
03

Airtel Gabon, Moov sign deal to share telecom infrastructure Agreement aims to cut costs, boo...

Gabon’s Airtel, Moov to Share Towers Under Govt-Brokered Deal
04

Vision Invest invests $700m in Arise IIP, Africa’s largest private infrastructure deal in 202...

Saudi Arabia’s 2025 Shopping List Now Includes Industrial Parks in Africa — With a $700 Million Entry Ticket
05

Even though it remains the smallest "crypto-economy" in the world, sub-Saharan Africa shows that vir...

Sub-Saharan Africa Crypto Transactions Up 52% to $205B on Inflation, Inclusion Push
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.