Established by Ordinance No. 2001-591 of September 19, 2001, and created by Decree No. 2001-593 of September 19, 2001, the FER, whose registered capital is 300,000,000 CFA francs is a second generation fund because based on the following two (02) fundamental principles:

• Commercialization of the road: the maintenance of the road being considered as a service rendered to the users justifying a payment.
• Co-management of road funds: all road users are represented on the Fund's Board of Directors.

The purpose of the Road Maintenance Fund (FER) is to provide financing for services related to studies and routine and periodic maintenance of the road network, the project management and the project management of the studies and road maintenance work.

MISSION

The purpose of the Road Maintenance Fund (FER) is to provide financing for services related to studies and routine and periodic maintenance of the road network, the project management and the project management of the studies and road maintenance work.

OBJECTIVES

• Being the undisputed and successful leader of road financing in Ivory Coast
• To be the best in terms of financing the road,
• Grow by creating value and mobilizing additional resources,
• Provide global leadership in the road maintenance and road trades finance business by building excellence in second generation ERF management
• Generate value for public works operators and the delegated master, Ageroute,
• Give their employees and the ERF all the opportunities and contribute to success, planning policies, public works companies, and the project manager and develop new talents in the road sector
• Contribute around us to the construction of a Côte d'Ivoire and a better world by reliable and viable road infrastructures
• Meet the expectations of mobilizing sufficient resources for maintenance and road rehabilitation needs

MEANS

It is essentially about human, material and financial resources

A. Human resources

The Road Maintenance Fund is run by qualified, dynamic, experienced staff, recruited by calling for applications and coming mostly from the private sector. The diversity and quality of its executives give the ERF expertise in the field of prospective technical studies as well as the marketing of the road.

B. Materials and equipment

The Road Maintenance Fund is equipped with modern and efficient equipment as well as hardware, communication and management tools.

C. Financial resources

The financial resources of the Road Maintenance Fund (FER) mainly consist of royalties levied on the sale of petroleum products for road use, tolls on the road network, fees related to the operation of weighing stations, external financial support (foreign donors), and any budget allocations from the state. The resources of FER are secure. Indeed, the laws and regulations that govern the ERP derogate from the principle of the uniqueness of the state's fund, and therefore the resultant fungibility of public resources. They are lodged in accounts with international commercial banks of the first rank, to escape the risks inherent in the execution of the General Budget.

D. Organization

As such, the Fund works in close collaboration with AGEROUTE. The ERF is managed according to the principles that apply to commercial enterprises. This management is organized in a classic regulatory framework, namely: a board of directors, a management structure and a control body.