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World Bank signs $500m infrastructure project for Congo's capital

KINSHASA, DRC - The World Bank on Wednesday, 12 May, signed a $500m infrastructure project with Democratic Republic of Congo to improve roads, mitigate flood risks, fight erosion and develop public spaces across the capital Kinshasa.

By Hereward Holland and Fiston Mahamba

13 May 2021

A Congolese man carries his shoes as he wades through floodwaters along a street after the Congo River burst its banks due to heavy rainfall in Kinshasa, Democratic Republic of Congo. Reuters/Kenny Katombe

Kinshasa is the largest French-speaking city in the world with a population of just over 17 million.

Funding for the "Kin Elenda" project will include a credit and grant of $250m each, the World Bank said.

"Kin Elenda will help change the daily lives of the people of Kinshasa through the investments it will make throughout the city," said Jean-Christophe Carret, the World Bank's country director.

Source: Reuters

Reuters, the news and media division of Thomson Reuters, is the world's largest multimedia news provider, reaching billions of people worldwide every day.

Go to: https://www.reuters.com/