April 4, 2022 - Logistafrica.com

COMOROS: AFRICAN DEVELOPMENT FUND COMMITS $21.6 MILLION TO UPGRADE NATIONAL ROAD NETWORK

April 4, 2022April 4, 2022 logistafrica

The Board of Directors of the African Development Fund approved on Thursday in Abidjan $21.6 million in grants for the third phase of the National Road Network Rehabilitation Program in the Union of Comoros. The grants comprise $14.1 million from the African Development Fund, the concessional window of the African Development Bank Group, and $7.5 million from the Transition Support Facility, a special purpose entity within the Bank Group that provides funding complementary to its other instruments. The project’s third phase will focus on improving the RN2 (Ourovéni-Foumbouni) in Grand…

CAMEROON CONSTRUCTION OF A NEW TERMINAL AT THE PORT OF DOUALA-BONABÉRI

April 4, 2022 logistafrica

The Director General of the Douala Port Authority (PAD), Mr. Cyrus Ngo’o and the General Administrator of the KTH Company signed last Thursday, March 31st, a Convention for the construction, operation and renovation before retrocession to the PAD, of 42 ha of mixed bulk carriers terminals. With a total cost of 280 billion CFA francs, this project is carried out under a BOT type agreement: financing entirely sought by the promoter without endorsement or guarantee from the PAD, for a period of 5 years of construction and 25 years of operation. With a…