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Friday 22 Jan 2016 - 15:40 Makkah mean time-12-4-1437
Jeddah, (IINA) - Togo and the Islamic Development Bank (IDB) have signed on Wednesday three agreements under which the IDB will finance projects worth $194 million in Togo, Xinhua News Agency reported citing an official.
Togolese President Faure Gnassingbe signed the agreements with IDB President Dr. Ahmed Muhammad Ali in Jeddah during his visit to Saudi Arabia
The first agreement worth around $131 million is dedicated to the construction of Adoua-Kara road, which links five regions in Togo. Its completion will enable Burkina Faso to have direct access to Lome port.
“The project will enable the Togolese government to improve the state of this strategic road, increase security and road safety, and also promote integration between Togo and its landlocked neighboring countries”, IDB president said.
The second funding agreement will go towards improving and expanding access to primary education as well as supporting concerned institutions. It will provide education opportunities for 16,800 students at primary and lower secondary levels.
The third agreement is dedicated to the energy sector. It will see $46 million spent on the electrification of 43 villages in northern Togo.
AG/IINA
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