Senegal gets €76m credit facility from WADB for two development projects

Senegal has secured a €76-million credit facility from Lome-based West African Development Bank (French acronym BOAD) for the implementation of two development projects.

The bank okayed the loan during its 137th extraordinary summit that took place on September 20 in Cote d’Ivoire.

The first project, valued at €23 million, concerns the construction and exploitation of a solar energy plant at Niakhar, a western village in the West African country. The plant built and operated by Teranga Niakhar Storage, will produce 30 MW and with storage capacity of 15MW/45MWh. The project will contribute to meet the need of energy in the region and sustainable supply.

The second project, worth €53.3 million, is about the construction of infrastructure and systems of Diamniadio-IABD section (19km) of the regional express train connecting the International Blaise Diagne airport.

The initiative will improve transportation of people and goods within Dakar region. It will also easy by 20 per cent the traffic congestion and enable the transportation of 180.000 people on daily basis.