Cote D’Ivoire Signs MoU For Public Infrastructure Projects
Invest International agrees to provide US$314 million in concessional finance.
The government of Cote d’Ivoire has signed a €300 million (US$314.3 million) memorandum of understanding (MoU) with the Netherlands’ Invest International for the development of public infrastructure projects in the West African country.
The agreement was signed on 2 October by Minister of Finance and Economy Adama Coulibaly and Lara Muller, director for the public sector at Invest International, during the SARA 2023 agricultural fair in the city of Abidjan.
Delighted to share that on behalf of @minbuza @LSchreinemacher we have ✅signed a €300 million public infrastructure MoU with Ivory Coast related to #impact areas such as drinking water access and coastal protection #SDGs— Invest International (@InvestIntl) October 2, 2023
More: https://t.co/ySRnbXdaTK pic.twitter.com/THzH4KrWSL
The MoU includes the provision of a concessional financing package comprising grants and loans to finance the development of essential public infrastructure projects in areas such as access to drinking water, urban mobility, agroforestry, coastal protection and healthcare.
Cote d’Ivoire and Invest International will jointly develop the following long-term projects on behalf of the Dutch Ministry for Foreign Affairs:
- Increasing the supply of drinking water to communities experiencing deficits
- Supporting the sustainable management of water resources
- Extending and modernising the San Pedro fishing port
- Strengthening flood management in the San Pedro region
- Improving urban mobility in the Abidjan lagoon through the use of sustainable ferries
- Enhancing coastal protection in the Port-Bouet area.
Established in 2021 with the aim of supporting Dutch companies and the governments of developing nations, Invest International is jointly owned by the Netherland's Ministry of Finance (51%) and Dutch bank FMO (49%).
Invest International has also financed infrastructure projects in the Sub-Saharan African countries of Ghana, Guinea and Benin.
Photo: MoU signing ceremony (Source: Twitter/X @ Invest International)