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Gabon Plans to Invest $14.1 Billion for Transport Infrastructure

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Oct. 15 (Bloomberg) -- Gabon plans to spend 7.15 trillion CFA francs ($14.1 billion) on roads, railways, ports and airports by 2016, the government said today.

“Three trillion CFA francs will be invested in the construction of new roads around the country, where only 900 kilometers (559 miles) of roads existed in 2009,” Henri Ohayon, director general of the National Agency for Major Works, said from a statement.

The agency, known as ANGT, is working with the government to approve a master plan for national infrastructure and to develop appropriate sustainable projects that can be implemented with the available budget, Ohayon added.

“We want international companies to invest in Gabon,” the official said.

A 300-kilometer railway line will connect the city of Booué to Belinga in the northeast where iron mines will be operated, Ohayon told reporters in Libreville.

ANGT is working with Bechtel Group Inc. to provide procedures, oversight and technical expertise to staff, the government said.

To contact the reporter on this story: Antoine Lawson in Libreville at ankolo@bloomberg.net

To contact the editor responsible for this story: Antony Sguazzin at asguazzin@bloomberg.net

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