Nigeria is set to receive a whopping US $22m for the Abidjan-Lagos highway project after ECOWAS and the African Development Bank (AfDB) signed the loan agreement to develop the project.
ECOWAS Commission President, Jean-Claude Brou said the 1,080-km Abidjan-Lagos corridor would connect some of the largest and economically dynamic cities in Africa and also link vibrant seaports which served landlocked countries of the region.
“With the approval of the member states, the ECOWAS Commission forwarded financing requests of approximately US$ 89 million to several development partners, including AfDB and European Union, to fund the technical and project preparation studies,” he said.
The signing of the Grant Retrocession Agreement was between ECOWAS, AfDB, and the contracts for the feasibility, environmental, socio-economic studies. The signing and detailed engineering designs for the six-lane highway, were in recognition of the decision of the Presidents of Nigeria, Ghana, Cote d’Ivoire, Togo and Benin in 2014 on the construction of the highway.
“Promoting regional trade is enshrined in articles establishing AfDB and is a key pillar in the High Five priorities of the bank. That is why the bank is investing heavily in high-quality regional transport infrastructure throughout the continent,” said Senior Director, AfDB, Ebrima Faal.
He added that the objective of the Abidjan-Lagos Corridor Highway Study was to establish everything needed for the effective implementation, operation and economic development of the highway.
Mayne David-West, of Pearl Consultants and Civil and Structural Engineers, who spoke on behalf of the other consultants, said the project design would take two years and would connect to the planned East-West coastal road.
EU representative, Kurt Cornelis, commented that the project fitted in the framework of the cooperation of the EU with the continent and also the region. He acknowledged that the project would strengthen the competitiveness of the territories, stimulate investments, encourage regional integration for development growth and job creation. https://constructionreviewonline.com/2019/02/nigeria-to-receive-us-22-7m-for-abidjan-lagos-highway-project/