Five West African Nations Establish Authority to Manage $16 Billion Abidjan-Lagos Highway

Nigeria and four regional partners have launched a management authority to oversee the development of the $16 billion Abidjan-Lagos highway project.

Nigeria, Côte d’Ivoire, Ghana, Togo, and the Benin Republic have officially inaugurated the Abidjan–Lagos Corridor Management Authority. This new entity will govern the construction and subsequent maintenance of a $16 billion coastal road spanning the five nations.

This 1,028-kilometre, six-lane project is slated for completion in 2030 and aims to serve as a vital transport route for the region. By streamlining cross-border logistics and cutting transit costs, the highway is expected to drive significant economic growth. Economic forecasts anticipate that the route will facilitate $16 billion in trade and yield approximately $1.3 billion through toll collection.

Beyond the highway, officials are also planning for a potential high-speed rail line to supplement freight and passenger capacity. The project represents a collaborative effort to bolster infrastructure and economic unity along one of West Africa’s most prominent industrial corridors.

Total
0
Shares
Leave a Reply

Your email address will not be published. Required fields are marked *