The African Development Bank has awarded Benin a total loan of €164.25 to improve urban service delivery and build resilience to flooding caused by climate change. The loan for the implementation of the Secondary Cities Stormwater Drainage Project (PAPVS), was approved by the Bank’s Board of Directors on Wednesday, 5 July 2023, in Abidjan. It comprises € 118.75 million from the African Development Bank and €45.5 million from the Africa Growing Together Fund, co-financed with China. Benin’s government will contribute €13.79 million. Read more
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