The agreement signed between ARISE IS, the leading infrastructure solutions provider in Africa, and the government of Togo formalizes the Lomé-Cinkassé road project. ARISE Infrastructure Services, of which Africa Finance Corporation (AFC) is one of the main shareholders, will put its expertise at the service of the development of this axis which will eventually connect the capital of Togo to the border town with Burkina Faso, located 700km North.
Aligned with Togo’s National Development Plan (NDP), this significant construction project will provide the Togolese Republic with a modern road which will ease the transport of people and goods, boost domestic trade and increase road safety.
The joint venture provides for:
- Concession starting with signing of the concession agreement (scheduled for Q3 2021).
- Construction of 2×2 lanes within three years after signing.
- Total project costs to be estimated during preliminary studies and be borne by shareholders of the Project Company.
- A Togolese-based company will be created to oversee the development of the project and launch the preliminary feasibility studies (incl. traffic, revenue modelling, technical studies, E&S analysis, insurance). Definitive feasibility studies and the signing of the concession agreement are expected for Q2 2021, with the view to start construction works by Q3 2021. Road building companies will be selected through a tendering process.
“This agreement is a significant milestone in the development of this road. Togo is embarked in an important infrastructure development process and we welcome this public-private partnership for the benefits of the Togolese people. Despite the global economic crisis induced by COVID-19, the Togolese economy continues to prove its ability to attract private investors as a result of the reforms undertaken.”Sani YayaMinister of Finance for the Togolese Republic.
“Our aim at ARISE Infrastructure Services is to provide pragmatic solutions to Africa’s infrastructure deficit, and we are proud to implement this vision in Togo. This road development will bring a lot to the country, and we thank the Togolese Government for its trust.”Alain SarakaChief Strategy Officer at ARISE IS