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OPEC loan for rehabilitating major road

    ABIDJAN

    The OPEC Fund for International Development has agreed to lend the Togolese government US $5.625 million to improve a road used by transporters between Cote d’Ivoire, Ghana, Togo, Benin and Nigeria, news organisations reported.

    The loan will be used to rehabilitate the 53-km road linking Aflao, on the border with Ghana, to Hillacondji, on the border with Benin, according to PANA. The loan, which has an annual interest rate of 1 percent, is to be repaid in 17 years with a grace period of five years, PANA reported.

    This article was produced by IRIN News while it was part of the United Nations Office for the Coordination of Humanitarian Affairs. Please send queries on copyright or liability to the UN. For more information: https://shop.un.org/rights-permissions

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