Skip to main content

France and Ivory Coast agree road funding package

France and Côte d'Ivoire have signed a financing deal worth US$206.46 million (€190 million) for the refurbishment of roads. This will form part of the French development aid programme. The funding will be directed towards rebuilding the Bouaké-Ferkéssédougou road and the Félix Houphouët-Boigny bridge in Abidjan. Under the terms of the debt restructuring programme the countries have agreed, France will receive money from Côte d'Ivoire and will then lend an equivalent amount.
November 6, 2015 Read time: 1 min
France and Côte d'Ivoire have signed a financing deal worth US$206.46 million (€190 million) for the refurbishment of roads. This will form part of the French development aid programme. The funding will be directed towards rebuilding the Bouaké-Ferkéssédougou road and the Félix Houphouët-Boigny bridge in Abidjan. Under the terms of the debt restructuring programme the countries have agreed, France will receive money from Côte d'Ivoire and will then lend an equivalent amount.

Related Content

  • America faces another major highway funding crisis says TCC
    October 3, 2014
    The United State is facing yet another national highway funding crisis as the country’s new fiscal year begins. Despite the fact that October 1 marked the beginning of America’s new financial year, Congress has still not passed or approved the funding for a new long-term surface transportation measure. This is really worrying the 31-member-strong Transportation Construction Coalition (TCC) which is arguing that a “failure to act” will “lead to another self-imposed funding crisis that would undermine vital r
  • Kazakhstan roads benefiting from Japanese loan
    May 28, 2012
    A major loan from Japan will help develop the road transport network in Kazakhstan. The Japanese government will provide a loan to the Republic of Kazakhstan worth US$76 million. The sum will be used to develop the country's road infrastructure and will boost Kazakhstan's access to European and Asian markets. The loan will allow a new bypass to be built on one of the country's main transport arteries in the southern Zhambyl province, as well as the rehabilitation of other existing routes.
  • Key Russian road construction complete
    December 5, 2016
    Construction work on the Central Section of Russia’s Western High-Speed Diameter (WHSD) in St Petersburg is complete, with some small detail work now being finished off. The WHSD connects the Southern, Central and Northern sections of St Petersburg and will open to traffic at the end of December. VTB Capital was a key participant in funding the construction of the Central Section and is a major shareholder in the consortium that will operate the entire WHSD route.
  • ARTBA highlights large increase in speed of DOT fund allocations
    February 19, 2013
    Federal, state and local departments of transportation (DOTs) in the United States have so far allocated US$7 billion in federal funds during the 2013 Fiscal Year (FY), according to the latest Federal Highway Administration (FHWA) data analysis by the American Road & Transportation Builders Association (ARTBA). The figure, for the year from October 1 2012, is an increase of 56% over the $4.5 billion allocated during the same time period last year. “The current obligation levels are much more in line with w