An international business center comprising of hotels, a commercial center, a conference center as well as administrative buildings will soon be constructed in Brazzaville, the Republic of Congo capital, an official source said Tuesday.

The project for the construction of the business center resulted from an agreement signed between the Congolese state and a Turkish firm for a total of 312 billion CFA Francs (about 520 million U.S. dollars).

At least 115 billion CFA Francs of the cost of construction will be provided through a loan from Turk Exim Bank, the Congolese state will provide 93 billion CFA Francs while private players will provide 103 billion CFA Francs.

The project will be carried out in two phases, with the construction of the first phase underway. It involves the construction of a conference center and a hotel in Kintele, a suburb in northern Brazzaville.

In central Brazzaville, the Turkish firm will construct a commercial center, a 4-star hotel as well as an administration building that will host the finance ministry.

The second phase of the project will involve putting up of a governmental center comprising of seven administrative buildings and a multi-level parking building at the center of the city. Endit

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