12 °c
London
Wednesday, October 4, 2023
No Result
View All Result
FurtherAfrica
  • Countries
    • Angola
    • Botswana
    • Cape Verde
    • DRC
    • Eswatini
    • Ethiopia
    • Kenya
    • Malawi
    • Mauritius
    • Mozambique
    • Namibia
    • Nigeria
    • Rwanda
    • South Africa
    • Tanzania
    • Uganda
    • Zambia
    • Zimbabwe
  • Interviews
  • Understanding
  • Videos
  • Travel
  • Weekend
  • About
FurtherAfrica
  • Countries
    • Angola
    • Botswana
    • Cape Verde
    • DRC
    • Eswatini
    • Ethiopia
    • Kenya
    • Malawi
    • Mauritius
    • Mozambique
    • Namibia
    • Nigeria
    • Rwanda
    • South Africa
    • Tanzania
    • Uganda
    • Zambia
    • Zimbabwe
  • Interviews
  • Understanding
  • Videos
  • Travel
  • Weekend
  • About
No Result
View All Result
FurtherAfrica
No Result
View All Result
Home Africa

AfDB releases additional funds for Abidjan–Lagos motorway

Staff by Staff
May 22, 2020
in Africa, Benin, ECOWAS, Ghana, Infrastructure, Ivory Coast, Nigeria, Road, Togo, Transport
Reading Time: 2 mins read
0 0
0

The African Development Bank (AfDB) has approved additional funding worth over US$13M for the implementation of the Abidjan–Lagos motorway corridor development project.

The loan, which will particularly be used to cover part of the costs related to the study of the project, was requested by ECOWAS commission on behalf of Côte d’Ivoire, Ghana, Togo, Benin and Nigeria, the West African states whose capitals will be linked by the approximately 1,028 km road featuring eight border posts.

The road currently cuts across the major economic centers of the five participating member countries, from Bingerville in Abidjan, Ivory Coast to Mile 2 also known as Eric Moore in Lagos, Nigeria.

Importance of the Abidjan – Lagos project

The Abidjan – Lagos motorway corridor is an important regional trade and transport corridor that aims to strengthen trade and integration in West Africa, by providing maritime port access to landlocked countries to be precise.

This road axis joins other corridors along the North-South axis and connects countries such as Burkina Faso, Mali, Niger, and Chad which are entirely surrounded by land, and it crosses a rail network and joins the main ports and airports in the West African region.

“The transportation sector plays a very important role in the economic development of the West African region and it brings in approximately 5 to 8% of its gross domestic merchandise. However, the unavailability of tangible and intangible infrastructure significantly reduces its impact on regional economic growth,” said AfDB on a press release.

The Abidjan – Lagos corridor project is a part of the Program for Infrastructure Development in Africa (PIDA) been executed by the pan African institution. It is also a component of the large Dakar – Lagos coastal corridor project and constitutes an important section of the trans-African road network.

Source: Construction Review Online

Related

Tags: AbidjanAfrican roadsBeninECOWASGhanaInfrastructureIvory CoastLagosmotorwayNigeriaPIDAProgram for Infrastructure Development in AfricaTogoКот-д'Ивуарнигерияساحل العاجنيجيرياコートジボワールナイジェリア尼日利亚象牙海岸
Staff

Staff

Related Posts

Economy

Mozambique’s bond market rebounds after UBS settlement

by FurtherAfrica
October 4, 2023
Airline

Ethiopian expands Djibouti service to three weekly flights

by FurtherAfrica
October 4, 2023
Mining

Angola’s diamond industry expects poor results in 2023

by FurtherAfrica
October 4, 2023
Africa

Eni’s Africa biofuel feedstock plan to cost €700M

by FurtherAfrica
October 4, 2023
Economy

IMF board approves US$1.32B resilience loan for Morocco

by FurtherAfrica
October 3, 2023
Mozambique eVisa
 
MozParks

Translate this page

Read the Latest

Economy

Mozambique’s bond market rebounds after UBS settlement

by FurtherAfrica
October 4, 2023
0

Mozambique's bonds surged following UBS Group AG's announcement of a settlement with the southeast African nation regarding Credit Suisse's involvement...

Read more

Ethiopian expands Djibouti service to three weekly flights

October 4, 2023

Angola’s diamond industry expects poor results in 2023

October 4, 2023

Eni’s Africa biofuel feedstock plan to cost €700M

October 4, 2023

IMF board approves US$1.32B resilience loan for Morocco

October 3, 2023

FurtherAfrica Partners Network

The Exchange Farmers Review Africa 360 Mozambique
TechGist Africa Energy Capital & Power Club of Mozambique
Taarifa Rwanda Web3Africa See Africa Today
Africa Global Funds Novafrica CrudeMix Africa
Harambee Africa Botswana unplugged Financial Insights Zambia
O Económico Digilogic Africa  

Subscribe to FurtherAfrica

Enter your email address to receive new articles on your email.

Join 107.3K other subscribers
FurtherAfrica

© 2021 FurtherMarkets

FurtherAfrica is a FurtherMarkets Limited platform

  • Countries
  • Interviews
  • Understanding
  • Videos
  • Travel
  • Weekend
  • About

Follow Us

No Result
View All Result
  • Countries
    • Angola
    • Botswana
    • Cape Verde
    • DRC
    • Eswatini
    • Ethiopia
    • Kenya
    • Malawi
    • Mauritius
    • Mozambique
    • Namibia
    • Nigeria
    • Rwanda
    • South Africa
    • Tanzania
    • Uganda
    • Zambia
    • Zimbabwe
  • Interviews
  • Understanding
  • Videos
  • Travel
  • Weekend
  • About

© 2021 FurtherMarkets

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?