The President of Guinea-Bissau, José Mário Vaz, on Saturday presided over the laying of the first stone of works to widen and lay asphalt on the road linking the cities of Buba and Catió, both located in the far south of the country.
Laying the asphalt on the road, which is 60 kilometres long, will, according to the President, improve the living conditions of the population and facilitate the transport of goods, especially agricultural products.
This project funded by the West African Development Bank, with a lead time of 22 months, includes placing a toll at Batambali and repairing urban roads in both Buba as Catió.
The West African Development Bank resumed support for projects in Guinea-Bissau after a delegation to Bissau reached an agreement with the government, which has pledged to pay the amount owed to the bank over a period of eight years, including a grace period of three years.
The Minister of Economy and Finance, João Fadiá, who on 1 March announced the agreement reached between the two sides, said the board of the West African Development Bank would approve the disbursement of funds for laying asphalt on the road linking the cities of Buba and Catió.
The West African Development Bank was created in November 1973 to finance the development of the economies of the member countries of West African Economic and Monetary Union – Benin, Burkina Faso, Ivory Coast, Guinea-Bissau, Mali, Niger, Senegal and Togo. (macauhub)