Around USD86 million has been allocated for the construction of a port in Owendo, close to the capital, which is a 50/50 joint venture with Olam International, the Singapore-listed agricultural products group.
The port is expected to be operational in the second
quarter of 2016 and will improve the competitiveness of the country.
Another USD126 million has been allocated to the construction of a major highway project connecting Libreville with towns in the rest of the country. Poor road infrastructure has traditionally been a major hindrance to regional trade and highways connect only two of the six capitals included in the zone. This project is expected to be completed at the end of 2016.