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THE President, African Development Bank (AfDB), Dr. Akinwumi Adesina, has said that the bank has secured 15.6 billion dollars investment for the construction of the Lagos-Abidjan highway.
NAN said Adesina tweeted this on his Twitter handle @akin_adesina .
He said that the investment would strengthen regional trade and integration in West Africa by linking the hinterlands of different Participating Member Countries (PMCs).
The president said that the investment would include providing seaport access to landlocked countries and some transition states of West Africa to the vibrant seaports.
The Lagos-Abidjan highway interconnects the capital cities of five Western African States, covering approximately 1,028 km and eight border crossings.
They are Cote d’Ivoire, Ghana, Togo, Benin and Nigeria.
The Abidjan-Lagos Corridor is a flagship project of the Programme for Infrastructure Development in Africa (PIDA).
It forms part of the wider Dakar-Lagos Corridor and a major part of the Trans African Highway Network within the ECOWAS region.
The corridor’s current alignment traverses all major economic centres of the five PMCs starting from “Bingerville”, a suburb of Abidjan and ending at Mile 2 (Eric Moore), in Lagos.
In a statement issued by AfDB recently said the Abidjan -Lagos project is a key regional trade and transport corridor that interconnects some of the largest and most economically dynamic cities in Africa, Abidjan, Accra, Cotonou, Lomé and Lagos.