Financing agreement with BDEAC to link

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The Central African State Development Bank (BDEAC) will provide Congo-Brazzaville with funding of FCFA 32.7 billion (almost € 50 million), under the terms of an agreement just signed by the two parties. The funds must contribute to the financing of a section of road that forms part of the Brazzaville – Libreville corridor.

as reported from Brazzaville, Loïcia Martial

The funding must be used to complete the asphalting work on the Dolisie – Kibangou axis and as far as Ndéndé in Gabonese territory.

The said work has already begun. As an illustration, the bridge over the river Kibangou has already been built and the one over Niari has also appeared.

The financing agreement was signed by Rigobert Roger Andely, Congolese Minister of Finance, and Fortunato Ofa Mbo Nchama, President of BDEAC, who welcomes “active cooperation” between the two parties.

“By involving BDEAC in the implementation of this structuring project, the Republic of the Congo is sending a strong message to confirm the place of this institution in the financing of the development of the sub-region,” he explained.

The project should also have the participation of the African Development Bank (AfDB).

The road to be built, which will eventually link Congo and Gabon, crosses several production basins where farmers, breeders and other aquaculture farmers are still experiencing all the difficulties in the world to evacuate their productions to the major consumption centers. For lack of a way, food is sometimes sold at a low price or simply thrown in the trash.

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