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BOAD grants a loan of 20 billion FCFA to the State of Benin for the sanitation of the city of Parakou

Cotonou, July 23, 2021. Serge EKUE, President of the West African Development Bank (BOAD) and Romuald WADAGNI, Benin’s Minister of State for the Economy and Finance, have signed a loan agreement for a total of 20 billion FCFA, relating to the deployment of the Programme d’Assainissement Pluvial des Villes Secondaires (PAPVS) in the city of Parakou. The operation, which is fully in line with BOAD’s 2021-2025 Strategic Plan called ” Plan Djoliba “, is also in line with the Beninese Government’s Action Program and its National Development Plan (NDP) for the 2018-2025 period. These Plans constitute the reference frameworks for economic and social policy over the medium term, and have the overall objective of enabling Benin’s economy to achieve sustained, inclusive and sustainable growth of at least 10% by 2025.

The overall aim of the rainwater drainage program for eight (08) secondary towns, namely Abomey, Bohicon, Calavi, Natitingou, Ouidah, Parakou, Sèmè-Kpodji and Porto-Novo, is to strengthen the stormwater drainage network in the target towns, thereby helping to reduce the population’s vulnerability to flood risks. Specifically, the aim is to i) facilitate the drainage of rainwater in the towns concerned, reducing the number of flooded homes by at least 60%, and ii) improve the mobility of the upgraded roads, reducing journey times by around 70%. The program will enable the construction of primary and secondary stormwater drains in the target towns, as well as the development of urban roads in the area of influence of the planned drains.

The loan granted by BOAD for the city of Parakou will be devoted to the construction of 12,041 linear meters of primary and secondary collectors and 1, ,882 linear meters of urban roads. Accompanying measures are also planned, including the construction of Fence walls at Tranza, Zongo 1 and Nima public elementary school construction of two (02) urban solid waste collection points in the Parakou municipality the construction of a three-classroom module with a principal’s office and the installation of sanitary facilities, as well as actions to strengthen the capacity of the Parakou town council and the beneficiary population to better protect the urban environment and the quality of life.

This operation brings BOAD’s cumulative commitments in Benin to 830 billion FCFA.

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