Approval Date | 04 Nov 2022 |
Planned Completion Date | 31 Dec 2023 |
Last Disbursement Planned Date | 31 Dec 2023 |
Sovereign / Non-Sovereign | Sovereign |
Sector | Urban Development |
DAC Sector Code | 43032 |
Commitment | U.A 3,750,000 |
Status | Approved |
In 2020, Togo elaborated the “Togo 2025 Roadmap”, to better address the consequences of the COVID-19 crisis that severely affected its economy. Thus, the Togo 2025 Roadmap constitutes the reference framework for government action and the interventions of technical and financial partners for the 2022-2025 period. Its vision of "A peaceful Togo, a modern nation with inclusive and sustainable economic growth" rests on three strategic thrusts: (i) Strengthening social inclusion and harmony and consolidating peace; (ii) Boosting job creation based on the economy’s strengths; and (iii) Modernising the country and strengthening its structures. The Roadmap covers several priority sectors including agriculture, fisheries, health, education, manufacturing, electricity, water, transport/logistics, construction and real estate. It also includes a portfolio of 42 priority projects and reforms.
The Bank's technical assistance will facilitate the structuring of the Government's 20,000 housing units project (at the legal and institutional levels) and finance studies for the development of the Kpomé pilot site with a view to preparing the layout and construction work. This intervention will thus contribute to the rapid start-up of this project, which will guarantee low-and middle-income households’ access to decent housing and better living conditions.
The Bank operation covers the whole of Togo. The studies under Component 1 will help the Government to better structure the real estate sector and to put in place an appropriate legal and institutional framework for the implementation of affordable housing projects under PPP arrangements. However, the bulk of resources will be devoted to technical studies for the development of the Kpomé site, near Lomé. Indeed, over half of the demand for affordable housing comes from the Lomé metropolitan area, which hosts most of the country's administrative, economic, social and cultural activities. Within the WAEMU zone, the Togolese capital is also a key financial centre and a logistics and service hub. On account of these multiple roles, Lomé attracts people from the rest of the country, which explains its huge population and, by extension, the many urban challenges it faces in providing services, such as transport, drinking water supply, sanitation and housing. In 2020, the population of the metropolitan area was estimated at 1,827,878 inhabitants, 50% of them women, meaning that23% of the country’s total population occupies an area that is roughly 0.49% of the national territory.
Funding
African Development Fund
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IATI identifier | 46002-P-TG-J00-001 |
Last Update | 29 Jan 2023 |
Name | BALDE Cheikhou |
c.balde@afdb.org |