Nov. 24 (Bloomberg) -- Congo Republic and Gabon will conduct a feasibility study to renovate the road connecting the southern Gabonese town of Doussala with Dolisie in southwestern Congo, the Infrastructure and Public Works Ministry said.
The study will take 18 months and cost 1.37 billion CFA francs ($3 million), the ministry said in a statement yesterday Brazzaville, the Congolese capital. The project is being financed by the African Development Bank and the Economic Community of Central African States to foster regional integration, it said.
Congo Republic, which earns more than half its income from oil, is investing in infrastructure as economic growth accelerates. Oil production grew to a record 115 million barrels last year, helping the economy expand 10.2 percent, according to the African Development Bank.
--Editors: Paul Richardson, Ana Monteiro.
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