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Road infrastructure: BOAD grants a loan of 30 billion FCFA to the State of Burkina Faso

15/06/2021
Categories: Economy/Forex

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The West African Development Bank (BOAD) grants a loan of 30 billion FCFA to the State of Burkina Faso for the construction and asphalting of the regional road n°11 (RR11) Kolinka-Fara-Poura Carrefour in Bukina Faso. The financing of this project was approved during the 123rd session of BOAD's Board of Directors, which was held in May 2021.

Serge EKUE, President of BOAD and Lassané KABORE, Minister of Economy, Finance and Development of Burkina Faso proceeded to the signing of a loan contract in the amount of 30 billion FCFA relating to the construction project and paving of Regional Road No. 11 (RR11) Kolinka-Fara-Poura Carrefour in Burkina Faso.

Its purpose is to contribute to strengthening the economic integration of the Boucle du Mouhoun, Center-West and South-West Regions in Burkina-Faso through the establishment of modern infrastructure to improve security and the quality of life of citizens. This assistance brings to CFAF 684.5 billion, the total amount of BOAD's commitments in Burkina, all sectors combined, including CFAF 217 billion in the basic infrastructure sector including the road infrastructure sub-sector.

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