Bloomberg News

Congo Republic Road Fund Triples Budget to $136 Million in 2012

February 24, 2012

Feb. 24 (Bloomberg) -- Spending by the Republic of Congo’s road fund will more than triple this year to 66.5 billion CFA francs ($136 million), according to Nzenguet Elenga-Obat, the fund’s director-general.

The road fund will focus on rehabilitating roads in the Central African country’s major cities, including the capital, Brazzaville, and the Atlantic coast oil hub Pointe-Noire, Elenga-Obat told reporters in Brazzaville today.

--With assistance from Franz Wild in Johannesburg. Editors: Paul Richardson, Gordon Bell

To contact the reporter on this story: Robert Mbakou in Brazzaville at rmbakouo@bloomberg.net

To contact the editor responsible for this story: Antony Sguazzin at asguazzin@bloomberg.net -0- Feb/24/2012 11:41 GMT


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