AfDB Floats $152M In Loans For Gabon-Congo Highway

Law360, New York (March 3, 2014, 4:02 PM EST) -- The African Development Bank Group will loan $152.3 million to the countries of Gabon and the Republic of Congo for a highway project connecting the neighbors as part of the bank's commitment to development in the region, the bank president said Friday from the Gabonese capital Libreville.

Speaking with Gabon President Ali Bongo Ondimba, AfBD President Donald Kaberuka said the development bank would support Gabon’s efforts to improve its infrastructure, including the loan for the Ndende-Dolisie Road project. The loan consists of $106.1 million from the...
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