Board of Directors of the African Development Bank Group has
approved grants worth €40.94 million for the construction of a bridge to
connect Cameroon and Chad across the Logone river. The grants, comprising a
€20.785 million tranche for Cameroon and €19.215 million for Chad, were
approved on 30 April 2020. The facility is from the Investment Facility for
Africa under a framework agreement between the Bank Group and the European
Commission.
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| Akinwumi Adesina |
The funds will co-finance the costs of construction of the
bridge between Yagoua in Cameroon and Bongor in Chad, access roads and
feasibility studies, management said in a report to the Board. The bridge is
expected to bolster bilateral and sub-regional integration and cross-border
trade, safeguard life and property during the river crossing and boost
socio-cultural ties between the two countries.
In addition to the Logone river bridge, other projects under
the Pillar Assessed Grant or Delegation Agreement (PAGODA) include the
rehabilitation of the Lome-Cotonou road, road development and transport
facilitation on the Bamako-San Pedro corridor between Mali and Côte d’Ivoire
and the rehabilitation of the CU2a community road section in Burkina Faso near
the border with Niger.
The Bank and the European Commission are committed to
co-financing development projects that tackle poverty by investing in critical
infrastructure to promote seamless connectivity of transport, energy and ICT.
Source: APO
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