Public Management

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

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

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

Additional Info

  • communiques: Non
  • couleur: N/A
On the same topic
BNP Paribas entered exclusive preliminary talks with Holmarcom to sell its 67% stake in BMCI. Holmarcom already owns 2.41% of BMCI and acquired...
Senegal approves payment for its capital subscription to the African Energy Bank (AEB) APPO says the contribution brings the bank “closer to...
Ethiopia may receive about US$261 million once the review is approved. The ECF programme supports the country’s Homegrown Economic Reform (HGER)...
IFC considers €75.25 million investment in cocoa processor Guan Chong Funds to expand cocoa processing plant in Côte d’Ivoire Project...
Most Read
01

Omer-Decugis & Cie acquired 100% of Côte d’Ivoire–based Vergers du Bandama. Vergers du Band...

Omer-Decugis & Cie Expands Mango Operations in West Africa
02

Benin says a coup attempt was foiled, crediting an army that “refused to betray its oath.” ...

Benin Government Says Attempted Coup Against President Talon Has Been Foiled
03

Eritrea faces some of the Horn of Africa’s deepest infrastructure and climate-resilience gaps, lim...

AfDB Re-engages Eritrea With Strategy Focused on Infrastructure, Climate Resilience and Regional Integration
04

In Cotonou, Benin’s economic capital and home to the country’s leading institutions, the situation r...

Calm in Cotonou - Benin After Coup Announcement on State Owned Television
05

GSMA outlines reforms needed to meet targets of the New Technological Deal 2034 High mobile taxes...

GSMA Maps the Reforms Required for Senegal’s Digital Takeoff
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.