The AfDB Group has reaffirmed its support for the Abidjan to Lagos highway project, which will connect five West African countries. The bank said on its website that it was a key partner in securing funds for the project.
The project has the backing of the ECOWAS Heads of State, who have agreed to fast-track its construction. The bank has already invested 25 million dollars in the project’s preparatory phase.
The bank also said that it and its partners raised 15.6 billion dollars at the Africa Investment Forum (AIF) in 2022 for the project.
The highway will link the most vibrant and populous cities and ports in West Africa, the bank said.
The bank added that the leaders of the countries along the highway called on the ECOWAS Commission to speed up the completion of the project’s detailed design study and its financial and implementation strategy.
The leaders also urged the commission to prepare the tender documents to start the construction phase of the highway.
The statement said that this request was made during a meeting on July 9 alongside an ECOWAS Summit in Bissau, the capital of Guinea-Bissau.
The leaders of Benin (Patrice Talon), Côte d’Ivoire (Alassane Ouattara), Ghana (Nana Akufo-Addo), Nigeria (Bola Tinubu) and Togo (Faure Essozimna Gnassingbé) were present at the meeting.
They also instructed the ECOWAS Commission to work with the EBID and AfDB as well as other development partners and the private sector to mobilize resources to fund the investment needed to build the highway.
As part of their commitment, they decided to establish the headquarters of ALCoMA in Côte d’Ivoire, the statement said.