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August 29, 2007

West African infrastructure boost

Source: International Construction

Editor: Richard High

West Africa's Economic and Monetary Union (UEMOA) is to invest US$ 6 billion on regional infrastructure over five years in an effort to raise living standards and curb youth emigration, according to a statement.

Foreign donors have pledged about US$ 5 billion at a roundtable in Senegal's capital Dakar last November and UEMOA member states will provide a further CFA 472 billion (US$ 970 million) for a host of projects, the most expensive of which be linking the region's rail networks and building new roads.

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Posted by pichu at August 29, 2007 10:58 AM