Cabo Verde needs over 21 million euros to reform the transport sector

27 March 2015

Cabo Verde (Cape Verde needs more than 21 million euros to complete the reform of the transport sector by 2030, said Thursday in Praia the archipelago’s Minister of Transport and the Maritime Economy.

Sara Lopes, during a meeting to discuss the Programme to Support Transport Sector Reform said that most of the required funding – two billion escudos (around 18 million euros) – would be used to implement the model within a five-year period.

Cabo Verde is drawing up the project of the Programme to Support Transport Sector Reform, with funding from the World Bank of some US$19 million.

The project finances the rehabilitation of roads and the modernisation of inter-island shipping and air transport.

Transport reform also includes the privatisation of flagship airline TACV and port operations, granting new shipping lines and improving the fleet. (macauhub/CV)