Gabon signs $ 4.5bn contracts with India and Singapore

Libreville, 16 Aug-(ANA)- Gabonese  President Ali Bongo Ondimba has signed agreements worth a total of $ 4.5 billion with multinational companies from India and Singapore as the country marks its  50^th independence anniversary.

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The agreements includes:

-          An infrastructure project to finalize 1000kms of roads, among them reparations to “La Nationale”, the main road linking Libreville and Franceville.

-          A special economic zone in Nkok devoted to local timber transformation.

-          A palm grove project in the savanna zones, including Mouila in the province of Ngounié and Tchibanga in the province of Nyanga.

-          A social housing project with 5000 affordable homes in Libreville.

The projects are expected to create more than 50,000 jobs (ANA)

FA/ANA/16 August 2010------