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The Board of Directors of the ADF on Wednesday in Tunis approved a loan of 7.80 million Units of Account (UA), equivalent to 11.39 million US dollars to help finance intra-city roads and ancillary projects in Benin.
The Project aims at improving the Pobe-Ketou-Illara road and living conditions of the population of the area. It is intended to improve the level of service of transport infrastructure with a view to strengthening regional economic integration and contribute to growth in national and international trade.
The projects includes:
Opening up the area with a paved road and related earth roads approachable in all seasons will have an appreciably positive impact on the activities of the population. These include improvement in the conditions of transport to the markets; increase in agricultural incomes, reduction in the cost of medical evacuations, better knowledge of the risks of diseases such as HIV/AIDS and malaria and improved access to water and sanitation services.
The Operations of the Bank Group in Benin commenced in 1972. To date, the amount committed by the Bank in Benin stands at 402.39 million UA 587.78 million US dollars in 69 operations.
Project Information Sheet