African Development Bank funds the proposed Abidjan-Lagos Corridor Highway

The African Development Fund (ADF) comprises 32 contributing countries. Photo : RR

JOHANNESBURG, SOUTH AFRICA (ADV) – The African Development Bank (AfDB), Economic Community Of West African States Commission (ECOWAS), sign agreement for study on the proposed Abidjan-Lagos Corridor Highway, a six-lane (3-lane dual) motorway, that will connect the countries via Ghana (Accra), Togo (Lomé) and Benin (Cotonou).

The Bank approved a financing package of US$12.6 million to finance part of the study for project and mobilized a Euro 9.1 million grant from the EU Commission, bringing the total financing for this important study, to US$22.7 million.

This comes nearly five years after the presidents of Côte d’Ivoire, Ghana, Togo, Benin and Nigeria, signed a treaty on the establishment of the highway in March 2014.

The proposed 1,000 kilometre highway linking Cote d’Ivoire’s commercial capital Abidjan, to Lagos in Nigeria, marks a new step in building regional integration and trade.
Senior Director of the Bank’s Nigeria office, Ebrima Faal, mentioned that “the Bank remains fully committed to the 2020 ECOWAS Vision.

“We will work closely with the public and private sectors to unlock new sources of growth for Africa, while reducing inequality between countries and within countries. Together, we can unlock the enormous potentials of the West African region and deliver on the Sustainable Development Goals for the region,” he said.

The AfDB said by linking some of Africa’s largest and economically dynamic cities, the road will promote cross-border trade and integrate fast-growing economies within the ECOWAS. This is expected to contribute to reducing the poverty levels of the population that depends on inter regional trade for livelihood.

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