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Senegal: Saudi fund SFD to lend US$47 mln for the rehabilitation of Orofondé-Nguidjilone road

Wednesday, 24 August 2022 19:24
Senegal: Saudi fund SFD to lend US$47 mln for the rehabilitation of Orofondé-Nguidjilone road

(Ecofin Agency) - In June 2021, Senegal launched works to improve roads, and therefore open up the Dandé Mayo region, in the northeast. In its bid, the country is supported by international partners.   

The Saudi Fund for Development (SFD) will loan Senegal US$47 million for the rehabilitation of the Orofondé-Nguidjilone road. The related loan agreement was signed at the Senegalese Ministry of Economy on Tuesday, August 23.  

The project aims to widen the 62-km road and make it more secure per standards approved in the WAEMU region, the SFD explains. The project will also help facilitate access to transport and telecommunication services for surrounding inhabitants.

"This very important project will not only open up the region but also boost trade between the Dandé Mayo area and the rest of the country while improving inhabitants' living conditions. In addition to improved mobility, they will have easier access to basic social services, health care facilities, and education," reads a release from the Senegalese Ministry of the Economy.

The rehabilitation project is the second phase of the 104-km Dandé Mayo Nord road construction project, which is funded by the Senegalese government and its international partners (the SFD and the West African Development Bank). 

The project also includes the construction of seven bridges to open up Dande Mayo, facilitate access to agricultural and mining areas as well as promote trade and economic cooperation with neighboring countries. 

Jean-Marc Gogbeu

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ECOFIN AGENCY offers a selection of articles translated from AGENCE ECOFIN. Founded in 2011, Agence Ecofin is a leader in Francophone Pan-African economic news, particularly in West and Central Africa. The agency publishes daily news on nine African economic sectors: Public Management, Finance, ICT, Agribusiness, Energy, Mining, Transport & Logistics, Communication, and Training.

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