Togo wins investors' commitment to the Unity Highway Duplication Project

Investments
Friday, 28 June 2019 14:30
Togo wins investors' commitment to the Unity Highway Duplication Project

(Togo First) - Togolese minister of trade and private sector promotion, Kodjo Adedze (photo), announced the government has secured investors’ commitment to the project to duplicate the Unity Highway (l’Autoroute de l’Unité). This was during a press brief on the Togo-EU forum the country held last June 13 and 14.

The extension of the highway was decided to ease traffic flow on the Lomé (Togo)-Ouagadougou (Burkina Faso) corridor that connects hinterland countries. It will also strengthen commercial trade through the decrease in transportation delay and costs on the corridor.

The value of commitments has not been revealed, but the government is targeting to raise more than €6 billion for all structural projects in the National Development Program, as part of the Togo-EU forum. This implies that the road extension, which requires $620 million (less than €550 million), is expected to be fully financed by the promises made by investors.

Let’s note the project is in line with Togo’s vision to be a logistics hub in the West African sub-region.

Séna Akoda

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