Public Management

AfDB reassures construction of the Lagos-Abidjan road will start by 2022

AfDB reassures construction of the Lagos-Abidjan road will start by 2022
Friday, 27 December 2019 17:26

Construction of the Lagos-Abidjan corridor, the deal which was signed since March 2014, will start by 2022. The good news was announced by AfDB Chairman, Akinwumi Adesina, on the sidelines of the 56th Ordinary Session of the ECOWAS Authority of Heads of State and Government held Saturday in Abuja.

“The Lagos-Abidjan highway will become a reality [...] That’s why the African Development Bank has provided 11.1 million dollars to the ECOWAS Commission to develop the Master Plan for the Lagos-Abidjan highway corridor,” the leader said.

“And we will be providing an additional 13.5 million dollars for the feasibility studies to be completed in 2020. We expect that construction will start in 2022,” he added. The project is also receiving assistance from the European Union. It is one of the 16 projects included in the Priority Action Plan (PAP) of the African Union's Continental Program for Infrastructure Development in Africa (PIDA).

The six-lane highway is 1,028 km long and includes 8 border crossing points, linking some of the largest and most economically dynamic cities in West Africa (Abidjan, Accra, Cotonou, Lomé, and Lagos). The stakes for the region, under this project, are high as the Lagos-Abidjan corridor will also connect West African seaports to all landlocked countries namely Burkina Faso, Mali and Niger.

Romuald Ngueyap

Additional Info

  • communiques: Non
  • couleur: N/A
On the same topic
Chari raises record $12M Series A to expand fintech services Secures central bank license to launch super-app for merchants Moroccan...
Burkina Faso orders NGOs to use state-run bank for all funds Move follows arrests, aims to tighten oversight of foreign NGOs Burkina Faso issued...
The International Finance Corporation (IFC) plans to invest up to $25 million in the African Transition Acceleration Fund (ATAF). The fund aims...
Tunisia seeks $3.7B loan from central bank in 2026 Economists warn of inflation, liquidity risks from domestic borrowing IMF talks stalled;...

Most Read
01

• The five-year plan allocates 388 billion pulas to boost growth and jobs.• Focus areas include tran...

Botswana unveils $27bn plan to accelerate economic diversification
02

• Parliament approves Virtual Asset Service Providers Bill 2025 to regulate digital assets• Central ...

Kenya passes landmark law to regulate booming cryptocurrency market
03

Indorama to invest $210M in Senegal phosphate sector upgrade ICS to expand fertilizer, acid ...

Indorama, Petrochemicals Major, to Invest $210 Million in Senegal Fertilizer Plant
04

Copper prices hit $10,775/t, their highest since May 2024, driven by a weak dollar and recent...

Copper Prices Extend Gains Close to Record Highs, Improving Prospects for Zambia and the DRC
05

• The Bank urges Nigeria to raise excise taxes on alcohol, tobacco, and sugary drinks.• Current rate...

World Bank backs higher public health taxes in Nigeria
Enter your email to receive our newsletter

Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

SALES & ADVERTISING

regie@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72


EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

 
 

Please publish modules in offcanvas position.