Private Sector Investment Key to West Africa’s Coastal Highway Project – Africa.com
The $15.6 billion Abidjan-Lagos corridor highway, a transformative project aimed at boosting trade and regional integration across West Africa, will require $6.8 billion, according to a report revealed during an African Development Bank workshop of private sector investment. The 1,028-kilometre highway will connect Côte d’Ivoire, Ghana, Togo, Benin and Nigeria, facilitating trade and connecting major urban centers such as Abidjan, Accra and Lagos. Construction is expected to create 70,000 jobs and will begin in 2026 and be completed in 2030. Designed as a toll-free road of up to eight lanes in Lagos, the project will rely heavily on public-private partnerships. In addition to improving transportation, the highway is envisioned as an economic corridor that will drive industrialization and regional development in key sectors such as energy, ICT and agriculture. The initiative is consistent with ECOWAS’ regional integration goals and aims to meet the needs of a growing urban population expected to reach 173 million by 2050.
source: Namiris
