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TOGO GOVT. ANNOUNCED PLANS TO SPEND CFA84BILLION ON ROAD DEVELOPMENT
Togo plans to spend CFA84 billion on road development projects this year. This is 98% of the forecast budget of the Ministry of Public Works (MTP), i.e. 85 billion FCFA, under the 2024 finance bill.
The country will use part of the money to asphalt 180 km of roads, according to the Ministry of Public Works. Another part will serve to develop and asphalt around 206 km of roads. According to the Ministry, “the projects could begin in 2024 and continue in 2025 and beyond.”
The projects announced align with the government’s ambition to asphalt over 11,700 km of roads nationwide. This ambition aims to fluidify the road traffic and make Togo a logistics hub, a reference business center, and a major corridor to reach neighboring landlocked countries.
SOURCE: TogoFirst