Bank of China provides CFA 58.9 billion loan for 80 km Korhogo-M'Bengué Road Asphalting Project

On December 24, 2020, the Government of Côte d’Ivoire signed a CFA 58,974,589,426.17 buyer’s credit loan agreement with Bank of China for the 80 km Korhogo-M'Bengué Road Asphalting Project. The borrowing terms of the loan are unknown. However, it is known that the borrower was expected to use the proceeds of the loan to partially finance the cost of a CFA 64,045,073,128 commercial contract with China Machinery Engineering Corporation (CMEC). According to the Government of Côte d’Ivoire’s Aid Management Platform (PGFE), the loan had not disbursed as of December 2022. The purpose of the project is to pave (asphalt) an 75 km road between Korhogo and M'Bengué, and thereby facilitate the transport of agricultural products between those towns as well as with Mali. CMEC and Etablissement Koné Daouda Soukpafolo (EKDS) Nouvelle — a local construction firm in Côte d’Ivoire — are jointly responsible for project implementation. Their work will be overseen by Agence de Gestion des Routes (AGEROUTE). Construction began on or around June 10, 2023 and the project was originally scheduled to reach completion within 30 months (December 10, 2025).

Additional details

1. The French project title is Projet de construction de la route M'BENGUE - KORHOGO. 2. The project identification number in the Government of Côte d’Ivoire’s Aid Management Platform (PGFE) is 1120071344075. 3. The AMP identifies the following locational coordinates for the route of the road: 10.00040874456897, -5.899658203125; 9.8164270651089, -5.8282470703125; 9.760941851420757, -5.821380615234375; 9.721690627341165, -5.83099365234375; 9.670251017687507, -5.793914794921874; 9.660774440467502, -5.758209228515625; 9.575473268620033, -5.667572021484375; 9.456286594375449, -5.635986328124999.

Number of official sources

2

Number of total sources

6