Ecovas. Abidjan-Lagos Highway: AfDB raises $15.6 billion for project

#Ivory Coast The African Development Bank (AfDB) has been successful in raising the necessary financing for the construction of a highway connecting Cte d’Ivoire to Nigeria through 3 other countries. This important infrastructure project will contribute greatly to the integration of the ECOWAS economies.

According to a press release from the Ivorian Presidency, Ivorian President Alassane Ouattara receives the President of the African Development Bank (ADB, Akinwumi Adesina) in Abidjan on Thursday, May 5, 2022.

During this meeting, the President of the All-African Financial Institution explained to the Ivorian President that his institution had been able to raise the $15.6 billion needed to finance the Abidjan–Lagos Highway.

1,081 km long, with 2×3 lanes, this motorway corridor will connect Cte d’Ivoire with Nigeria, crossing Ghana, Togo and Benin.

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The realization of this project over a period of 4 to 6 years will boost trade within the Economic Community of West African States (ECOWAS).

More than a highway, this corridor would be a place and would develop economic zones that would contribute to promoting economic exchanges between the countries of the region. This, thanks to improved transport efficiencies, improved circulation flows and the exchange of people and goods, established interconnections with major ports along with other transport corridors connecting landlocked countries such as Burkina Faso, Mali and Niger. 5 Corridor countries that handle about 85% of ECOWAS sea freight.

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We must remember that in the long term, this highway will extend to Dakar, the capital of Senegal, and will constitute a real catalyst for economic development and integration in West Africa and make it possible to accelerate exchanges between Europe, Morocco and the West. will make Africa through Mauritania.

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