The World Bank will disburse $470 million to support the Lomé-Ouagadougou-Niamey (LON) road corridor project. This was reported by Agence nigérienne de presse.
The infrastructure, which spans 1,065 km, will boost trade between Togo, Burkina Faso, and Niger. Moreover, it will accelerate the transportation of export goods passing through the port of Lomé. In detail, trucks will spend 62% less time to move from Togo to Burkina Faso, and 54% less from Burkina Faso to Niger.
In addition, the quality of transport services provided on the concerned axis will improve, as a result of the project; social and economic infrastructures will also be built.
“The LON Corridor is of strategic importance to Burkina Faso, Niger, and Togo, and we are committed to helping these countries unlock their full economic potential,” said Anne-Cecile Souhaid, Senior Transport Specialist at the World Bank and leader of the project team. She added: “This project fosters regional cooperation by combining support for transport and trade networks with institutional reforms and logistics services that will jointly address the common challenges of participating countries.”
It should be recalled that the Lomé-Ouagadougou-Niamey axis concentrates a large proportion of economic activities that make up respectively 28%, 40%, and 72% of Niger, Burkina Faso, and Togo.[ad_2]