The Unity In Africa Brought More Development To Africa Content
West African road secures AfDB funding
- In AFRICA
- November 21, 2015
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The African Development Bank (AfDB) is considering a $16 million support package to finance feasibility studies for sections of the Abidjan-Lagos road corridor.
Chris Appiah, a Transport and Policy expert, announced the plan at the Economic Community of West African State (Ecowas) meeting.
The regional bank believes that road will drive regional integration.
“It will ensure a more efficient border crossing system and facilitate regional integration,” Mr Appiah said.
The 1,028-kilometre road, under construction, connects Abidjan, Accra, Cotonou, Lagos and Lome.
“The six-lane corridor also links vibrant sea ports, serving all the region’s landlocked countries, thus facilitating intra and inter regional trade,’’ the statement read in part.
The presidents of the five countries – Cote d’Ivoire, Ghana, Benin, Nigeria and Togo –have approved the facility, which is a pilot project under the Programme for Infrastructure Development in Africa, PIDA, and Service Delivery Mechanism.
Pida is an initiative of the AfDB, African Union Commission, and New Partnership for Africa’s Development (Nepad).
It aims at developing region’s infrastructure , which has hampered Africa’s competitiveness on the global market.
The AfDB has, in the last decade invested more than $30 billion in infrastructure, which accounts for over 50 per cent of its lending portfolio during the period.
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