Ouagadougou, 17 May 2006 – The African Development Fund and the Government of Mali today in Ouagadagou signed a loan agreement of 14.92 million Units of Account, (equivalent to US$ 22 million or CFAF 11.8 billion) for agricultural production in the region of Bamako, Mali. The loan will finance the Baguineda Irrigation Scheme Intensification Project (30 km to Bamako’s North East, on the right bank of River Niger).
The agreement was signed by Mrs. Zeinab El-Bakri, ADB Vice President of Operations, and Mr. Aboubakar Traore, Minister of the Economy and Finance of Mali.
The project will generate an additional production of 7.400 t/year of paddy rice, 11.200 tons of tomato, 8.000 tons of onion and 1,200 tons of maize.
In addition to their contribution to higher incomes for riparians of the Baguineda canal, project activities will help build the capacity of professional agricultural organisations and that of the Commune, secure land and create an atmosphere conducive to investment.
Under the project, 5,500 people including 2,500 women will be given literacy and training courses not only in production techniques but also in management and marketing. The project will strengthen rural, social and health facilities, increase incomes and directly improve the living conditions of people in the Baguineda Commune (28,000 inhabitants).
Despite the country’s natural resource potential, the Malian economy is poor and poverty is rife nationwide. The available potential of Baguineda, just outside Bamako, is still untapped despite the markets for and competitiveness of rice and products from the Baguineda irrigation scheme. The project will help develop more of this potential and make use of the markets.
The African Development Bank Group operations in Mali started in 1970. To date, its commitments stand at CFA 474 billion in 85 operations.
- Sources of financing: ADF, government and beneficiaries
- Estimated start-up date and duration: Marc 2006, 5 years
- Executing Agency: Baguineda Irrigation Scheme Authority (OPIB), BP 06 Baguineda, Mali, Tel: 223 –222 71 92, Fax: 223 –223 29 56, Email: email@example.com
- Procurement of Goods and Services:
o International competitive bidding: works to rehabilitate the valves of the Aigrettes threshold dams and the intake channels, re-surface the Baguineda canal, as well as to develop the tertiary systems of Tanima and Senkoro plots
o National competitive bidding: works to develop the small schemes divided into three bid packages and on various rural facilities and on the construction of multipurpose centres divided into two bid packages spread over 22 villages
o Local shopping: vehicles, equipment and various supplies
o Short list of consultants
* 1 UA = 1, 47106 US$ = 769,687 CFA as at 05/17/2006