BOAD has made available to the Government of Côte d’Ivoire XOF60 billion for the partial funding of the proposed construction and equipment of school facilities and upgrading of the Kanawolo-Korhogo road.
Abidjan, 17 July 2019. Messrs. Christian Adovelande, President of the West African Development Bank (BOAD), and Adama Kone, Minister of Economy and Finance of the Republic of Côte d’Ivoire, have signed two loan agreements totaling XOF60 billion for the partial funding of: i) the proposed construction and equipment of school facilities, and ii) the Kanawolo-Korhogo road upgrading project. These two projects with high social impact are well in line with the priority development programmes of the Government of Côte d’Ivoire.
The first project involving XOF30 billion aims at the construction and equipment of 3,000 classrooms for nursery and primary schools, 25 junior high schools and 5 senior high schools, and the supply of 100,000 semi-metallic tables and benches throughout the national territory. With time, the project will contribute to the implementation of the government’s national education strategy which aims at making school accessible to all by 2025.
As regards the second project, it aims to the upgrading of the Kanawolo-Korhogo road, over a stretch of 99 km, including the construction over 9 km, the urban crossing in 2×2 lane carriageway, the construction of two (2) interchanges at Kanawolo and Torgokaha, one (1) footbridge and one (1) parking area for large vehicles, the construction of three crossroads at Korhogo. It is also planned to build social facilities and asphalt 9 km of thoroughfares in the sub-prefectures of Tioronianrandougou, Napié and Torgokaha. This latter project involving XOF30 billion, will contribute towards improved mobility over the concerned road section, thereby boosting the region’s trade with other regions in the country, on the one hand, and with the hinterland countries, such as Mali and Burkina Faso, on the other.
These two loans bring the total commitments by BOAD in Côte d’Ivoire, all sectors combined, to XOF1,093 billion, of which XOF92 billion spent over rural development and social projects and XOF270 billion in basic infrastructure including road infrastructure sub-sector.
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