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Essential financing for the Dakar - St-Louis highway in Senegal: the BIDC approves to grant 15 billion FCFA

05/10/2023
Source : ORISHAS FINANCE
Categories: Sectors

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The BIDC Board of Directors approved on Monday, October 2, 2023, an extension of 15 billion FCFA after having committed 60 billion FCFA for the Tivaouane-Mekhe section (28 km). The bank's new financing will take place in the Dakar-St-Louis highway in Senegal, a regional project stimulating integration and trade

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George Agyekum Donkor, President of the BIDC indicated that “although the loan was taken out by the Government of Senegal, the project has regional implications, strengthening integration and boosting trade, as the road will cross Senegal to reach Mauritania”. The project is expected to reduce travel time to these major northern coastal cities by 60%, and reduce vehicle operating costs by 80%.

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