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« Tawze'e wins major contracts for infrastructure projects in three Saudi industrial cities | Main | NZ$ 2.4 billion for infrastructure »

June 27, 2007

World Bank to fund West African road, rail links

Source: Reuters

By Mary Childs

WASHINGTON, June 27 (Reuters) - The World Bank said on Wednesday it will provide $201 million in credits and grants to improve road and rail links between West African neighbors Chad, Cameroon and Central African Republic.

"Those three countries have some of the least functional traffic connections of any area in the world," World Bank spokesman Tim Carrington told Reuters.

Cameroon's location on the Atlantic Ocean is vital for getting goods from landlocked Chad and Central African Republic to international markets, but poor infrastructure has frustrated efforts to increase trade and lower transport costs.

Full Story...

Posted by pichu at June 27, 2007 11:27 PM