AfDB loans for Burkina Faso water, electricity projects ratified
Financing worth over €64 million by the African Development Bank for two projects in Burkina Faso has been authorised for ratification by the government.
The first project is the €15.2 million Rural Drinking Water and Sanitation Project, which will be entirely financed by the AfDB. It aims to improve the rate of access to drinking water for the populations of the Centre-West regions from 70% in 2018 to 84% in 2022. It also aims to increase the rate of access to sanitation in the same region from 15% in 2018 to 70% in 2025 and in the Centre-South region from 10% in 2018 to 65% in 2025.
The second financing is for the Yeleen Project to increase and diversify the supply of electricity through the construction of four new solar photovoltaic power plants with a total capacity of 52MW. This project, which covers the entire national territory, will be carried out between 2020 and 2024.
The AfDB loan for the project amounts to about €48.82 million (CFA32 billion) for a total cost of €140.38 million (CFAF92.08 billion). The Yeleen project is also supported by the European Union, France's AFD and the Green Climate Fund.
