Nigeria: ECOWAS ministers meet in Abuja over Lagos-Abidjan highway project

Abuja, Nigeria (PANA) - Ministers of Works and Road Infrastructure of the five ECOWAS Member States involved in the multi-million-dollar Lagos-Abidjan Corridor Highway Project meet in Abuja Friday to put in motion activities towards the actualization of the 1,028-kilometre road project linking some of the region's major capital cities and ports.

According a press statement from the ECOWAS Commission here, the ministers are from Benin, Cote d'Ivoire, Ghana, Nigeria and Togo.

It said that the ministers would rise from their fourth steering committee meeting, adopting some key decisions on the Highway Construction project, to be presented to the forthcoming ECOWAS Heads of State and Government Summit planned for March 2014.

Among other issues, the ministers will also discuss the responses from firms invited to provide proposals as Fund Mobilizers, Transaction Advisers and Technical Advisers for the project.

During their third session in Yamoussoukro, Cote d'Ivoire, the Committee urged the five countries to contribute US$ 50 million in "seed fund" to show their commitment to the speedy implementation of the project, which comes under Phase I of the Lagos-Dakar regional infrastructural development Programme aimed at boosting trade as well as the free movement of persons,
goods and services in the region.

The statement indicated that the recommendation at that meeting had been approved by their Heads of State and Government during a meeting last month on sidelines the African Summit in Addis Ababa, Ethiopia.

The seed fund is to take care of preparatory activities and also spur the participation of public and private sector operators interested in investing in the project -- a six-lane highway expected to carry some 75 per cent of goods transported in the region, linking most of its major ports.
-0- PANA PR/VAO 28Feb2014

28 february 2014 08:06:41

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