PANAPRESS
Panafrican News Agency
Togo: China, Togo sign 4 loan agreements
Lomé, Togo (PANA) – Togo and China have signed four loan agreements under the economic cooperation framework between the two countries, official sources told PANA on Thursday in Lomé.
The agreements were signed late last year by the new Chinese ambassador in Togo, Liu Yuci, and the Togolese minister of Economy and Finance, Adji Othèth Ayassor, the sources said. The loans are meant to finance various road and energy projects particularly.
The first agreement, a grant of 180 million Yuan (14.126 billion CFAF) and the second, estimated at 50 million Yuan (3.924 billion CFA), are to finance economic and technical projects agreed by the two countries.
The third, a soft loan granted by the Chinese import-export bank for 628 million Yuan (49.282 billion CFAF) is to implement the renovation and asphalting of a road in the capital, Lomé, which is in its second stage.
The fourth is a soft loan of 210 million Yuan, or 16.480 billion CFAF, granted by the same bank, within the framework of the implementation of the project to strengthen and extend the electricity distribution network.
China and Togo have been developing economic and technical cooperation for decades, marked by several achievements in various socio-economic, cultural and military domains.
-0- PANA FAA/AB/TBM/SOC/MSA/MA 2Jan2014
The agreements were signed late last year by the new Chinese ambassador in Togo, Liu Yuci, and the Togolese minister of Economy and Finance, Adji Othèth Ayassor, the sources said. The loans are meant to finance various road and energy projects particularly.
The first agreement, a grant of 180 million Yuan (14.126 billion CFAF) and the second, estimated at 50 million Yuan (3.924 billion CFA), are to finance economic and technical projects agreed by the two countries.
The third, a soft loan granted by the Chinese import-export bank for 628 million Yuan (49.282 billion CFAF) is to implement the renovation and asphalting of a road in the capital, Lomé, which is in its second stage.
The fourth is a soft loan of 210 million Yuan, or 16.480 billion CFAF, granted by the same bank, within the framework of the implementation of the project to strengthen and extend the electricity distribution network.
China and Togo have been developing economic and technical cooperation for decades, marked by several achievements in various socio-economic, cultural and military domains.
-0- PANA FAA/AB/TBM/SOC/MSA/MA 2Jan2014
