Multi-Billion Euro programme: Algeria strengthening transport infrastructure

Algeria is looking to step up its campaign to strengthen the country’s transport infrastructure, unveiling a multibillion-euro programme of investments aimed at broadening the base of the economy and reducing dependency on hydrocarbons.

On May 24 the Algerian cabinet, during a meeting chaired by President Abdelaziz Bouteflika, approved a five-year, €230.8bn investment plan. Some €104.9bn of this will be used to complete projects already under way, while the balance would be used to finance new schemes. A statement issued after the cabinet meeting said that the investment programme, set to run from 2010 to 2014, was to be the driving force behind government efforts to diversify the economy…read more

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: