Gabon inks 4.5 billion dollars deals with India, Singapore

Gabon signed Saturday 4.5 billion dollars (3.5 billion euros) in contracts with Indian and Singaporean companies for infrastructure projects, the president’s office said in a statement.

“On the eve of the festivities celebrating the 50th anniversary of Gabon’s independence, key major contracts for the Emergent Gabon programme worth 4.5 billion dollars were signed in the presence of the Head of State, Ali Bongo Ondimba,” his office said in a statement.

The projects include the construction of 1,000 kilometres (600 miles) of roads, the construction of a special economic zone for the processing of wood, creating palm plantations and building 5,000 homes.

The investments are expected to generate 50,000 jobs.

The Gabonese presidency did not provide further details on the contracts.

Source: Msn News

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