AfDB President assures project completion before the end of the year
The highway linking Enugu in Nigeria to Bamenda in Cameroon a $430 million dollar project co-funded by The African Development Bank will be completed before the end of this year.
Akinwunmi Adesina, AFDB President, made this known at the 59th ordinary session of the Economic Community of West African States (ECOWAS) Authority of heads of states and government in Accra, Ghana.
Cameroon and Nigeria signed a memorandum of understanding (MOU) in March 2007, seeking funds from the bank and other development partners to execute the road transport corridor
The project was co-funded by AfDB, the governments of Nigeria and Cameroon, Japan Bank for International Corporation (JBIC) and International Development Agency (IDA).
“The $430 million highway linking Enugu in Nigeria to Bamenda in Cameroon will be completed this year and will transform trade opportunities between the two countries”, Adesina said.
The project was designed to strengthen trade and cooperation between the two countries.
He also added that AfDB and the ECOWAS Commission are working together to “finalize the feasibility studies for the landmark Abidjan-Lagos corridor by the end of this year”.