West Africa sets its investment priorities in the areas of transport and energy under the European Investment Plan

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Views: 321 Peter S. Moadow, Accra, May,2019 The ECOWAS and WAEMU Commissions Jointly organised a regional consultation meeting to identify priority re...

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Peter S. Moadow, Accra, May,2019

The ECOWAS and WAEMU Commissions Jointly organised a regional consultation meeting to identify priority regional investment projects and programs in the fields of transportation and energy for West African in view of the financing under the European External Plan. (EIP)

This meeting which is a preparatory technical meeting the April 30th meeting will see the participation of institutions and the representatives of the ECOWAS Member and Mauritania. It provides a forum for the exchange, sharing and reviewing of information on the regional initiatives in the transport and energy sectors.

In 2015, the European Union and the West African signed a major financing agreement of 1,150 Euros for various sectors of concentration, including transport and energy. This convention marked a turning point, a new era of European Union and West Africa cooperation in the infrastructure sector with investments in the form of mixed financing and “blending” support for the transport and energy governing bodies.

Thus an initial total amount of approximately 330 million Euros has been invested in the infrastructure of which approximately 168 Million Euros has been invested into energy and 162 in transport an allocation of 70 has also been made to the governing bodies of which 32 is for energy and 38 for the transport sector.

 

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