African Development Bank (AfDB) Group has reiterated its commitment to funding the construction of the Abidjan to Lagos highway.
The bank, in a statement on its website, said it was playing a leading role in mobilising funding for the project.
The bank further said that leaders of countries along the highway urged the ECOWAS Commission to accelerate the completion of the detailed design study and the financial and implementation strategy of the project. It said, made up of representatives from ECOWAS and the countries that would benefit from the highway, the ALCoMA was tasked with managing the project.
“The meeting served as an awareness-raising platform and soft market test for the project, to confirm the interest expressed by investors during Africa’s investment Forum 2022 and take their recommendations and requirements into account.According to AfDB’s Director of the Infrastructure and Urban Development Department, Mike Salawou, the next step will be to mobilise private investors and donors through market research sessions.
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