Africa50 announced that it has disbursed the first $15.5 million tranche of a $100m Asset Recycling programme with the Government of The Gambia to upgrade the Senegambia Bridge. This investment signifies the start of extensive upgrades to improve operational efficiency and maximise regional trade as part of the company’s Asset Recycling Programme. Asset recycling enables governments to concession infrastructure assets to private investors for a predetermined period, releasing public funds to invest in other critical infrastructure projects. Moreover, this project will create jobs and stimulate trade in the wider region.”Demba Diallo, Managing Director and Head of Project Development at Africa50, said: “This project clearly demonstrates the strategic value unlocked for African economies through Asset Recycling. “By enhancing the efficiency and safety of the Senegambia Bridge, we are not only boosting regional connectivity and trade, but also creating jobs and fostering long-term economic growth.

Source: The North Africa Journal October 18, 2024 13:57 UTC