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.
Road Structures Finance & Funding Maintenance

Related Content

  • Road charging the way forward for road funding?
    May 23, 2012
    Major changes will be required in the way that highway infrastructure investment is funded in many developed nations. Fuel taxation is a key source of income for governments, with some countries (such as the US) using a set sum for road repairs, maintenance and new construction. Fuel taxation is a proportional way to fund road infrastructure improvements, basically as larger vehicles or those that are used more, will pay more.
    Read More
  • Ethiopia road project secures funding
    August 9, 2019
    A road project in Ethiopia is benefiting from a financing package worth US$98 million being provided by the African Development Bank (AfDB).
    Read More
  • Bosnia invests in roads and highway construction
    May 15, 2012
    The Government of Federal Bosnia & Herzegovina plans to invest e5.5 billion in building roads, highways and new energy projects. To achieve this programme a new consortium will be set-up to secure part of the necessary capital, while part will be financed by strategic partners. The authorities are also working on plans for construction of the Corridor 5c highway.
    Read More
  • The US FAST Act: a job left unfinished
    April 4, 2016
    US roads and bridges are crumbling at an alarming rate as state governments wring their hands over the increasingly scarce money for repairs. Enter the FAST Act. But is it enough? US state transportation department officials, as well as highway contractors and operators, breathed a sigh of relief in December. For months the highways infrastructure sector waited anxiously to see where the necessary money for road projects would come from. For several years, the Highways Trust Fund – the usual way of paying f
    Read More

Highlighted Content