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The French development agency (AFD) has provided Benin government with a financial package of up to 42 million U.S. dollars to carry out the remake project of the lacustrian town of Ganvie in southern Benin.

The package of a total amount of 25 billion CFA francs (41.85 mln USD) consisted of 22.7 billion CFA francs as a sovereign loan and of 2.3 billion CFA francs as a grant.

Business24

Romuald Wadagni, Benin’s minister of economy and finance, and Adrien Haye, the Director of AFD in Benin, signed the financing agreements in the presence of the French Ambassador to Benin Véronique Brumeaux, on Thursday here in the economic capital Cotonou.

The rehabilitation project is designed to transform the town into a pilot site for a lacustrian tourism that respects authenticity and environment standards.

The town of Ganvié covers approximately 150 km2 over the Nokoué river, north to the economic capital Cotonou and east to the city of Abomey Calavi. Enditem

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