Road Fund 2019 Annual Report

2020-10-21 | Actualité | 93 hits

During the year 2019, the Road Fund pursued the accomplishment of its missions within a difficult economic and security situation.

Thus, as at 31 December 2019, the contracts committed as provided for in the programming adopted by the Management Committee for the 2019 Financial Year reached a satisfactory level of 95%. This performance, which has remained stable over the past three years, is essentially due to a better synergy between the Road Fund and authorizing officers, capacity building of mayors on the Road Fund’s procedures and mastery of contract award processes by the stakeholders in the chain.

Concerning council project management, capacity building sessions initiated a few years ago, have gradually led to a fairly good ownership of the Road Fund’s procedures by council executives. This situation was reflected in the significant volume of payments related to maintenance of council roads carried out in 2019 (CFA Francs 3.4 billion in 2019 as against CFA Francs 0 in 2018). Actions geared towards supporting regional and local authorities will be continued over the upcoming years, given the growing interest vested in these stakeholders by public authorities. In fact, as concerns council road maintenance, budget allocations rose from 13.5% of the Road Fund’s budget, representing CFA Francs 8 billion in 2018, to 25% of the Road Fund’ budget, thereby representing CFA Francs 15 billion in 2019.

Moreover, despite the persistently huge volume of estimate pending payment, (CFA Francs 15 billion as at 31 December 2019), payment operations were consistently smoothly carried out and even witnessed a remarkable improvement (CFA Francs 58.3 billion in 2019 as against CFA Francs 49. 4 billion in 2018) during the year under review. This improvement stems from the implementation of the mechanism of automatically debiting the single account at the Public Treasury for the benefit of the Road Fund opened at BEAC. This mechanism also witnessed some progress inasmuch as it now places resources necessary for contracted public work at the disposal of regional paymasters for the benefit of managers…

© Source: Road Fund

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