Why We Co-funded Abidjan-Lagos Highway Corridor – EU

The European Union (EU) said it co-funded the Abidjan-Lagos Highway Corridor to stimulate investments, strengthen competitiveness of the territories and encourage regional integration for growth and job creation.

EU said this in its twitter account @EUinNigeria accessed by the News Agency of Nigeria (NAN) on Tuesday in Abuja.

The Head of Co-operation, EU Delegation to Nigeria and ECOWAS, Kurt Cornelis, said the project fits into the framework of the cooperation between EU and Africa particularly, West Africa.

According to him, the cooperation aimed to strengthen the competitiveness of the territories, stimulate investments and encourage regional integration for growth and job creation.

“The EU is contributing 10.38 million dollars while the African Development Bank (AfDB) has approved a 12.6 million dollars financing package, bringing the total finance for the feasibility studies to 22.7 million dollars.

“The stakes for the region are high, as this corridor links five West African countries, connecting the main ports of the region and two railway lines.