ADB, ECOWAS reach agreement on areas of cooperation

Lagos- Nigeria (PANA) -- The African Development Bank (ADB) has agreed to provide 8.
9 million UA (about 6.
35 million dollars) to finance the implementation of six ECOWAS projects for the control of floating weeds, including water hyacinths within the waterways of the sub-region, an ECOWAS statement said.
"The money will be spent on the integrated control of floating weeds in the coastal areas of Benin and Nigeria, the middle Niger River Basin of Mali, the coastal areas of Cote d'Ivoire and the lower Senegal River Basin of Senegal and Mauritania," it said.
ECOWAS said ADB's decision to finance the projects came at a meeting between its officials and those of the bank in Abidjan recently.
Details of the project, including additional resource requirements to be sourced from other donors, will be discussed when an ADB mission visits the ECOWAS Secretariat in Abuja between August and October 2001.
Another ADB mission is due at the Secretariat before the end of the year to prepare the terms of reference for phase one of a study on the interconnection of the railways of the sub-region, estimated to cost 1.
2 million dollars.
Other areas of cooperation discussed during the meeting include road projects requiring construction, rehabilitation or studies within the framework of the missing links of the trans- coastal and trans-sahelia road projects.

15 august 2001 10:36:00




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