Major road projects for West Africa
First publishedon www.WorldHighways.com
Two major road projects will help connectivity in West African nations. In Cameroon, a loan from China Eximbank will help fund a key expressway project. Meanwhile in Côte d'Ivoire, a new highway will provide a new link to a major port.
The US$466 million loan from the Export-Import Bank of China (China Eximbank) will be used to upgrade the expressway linking Cameroon’s two major cities, Douala and Yaounde. Meanwhile Bouygues Travaux Publics is to build a 6.4km stretch of highway in Côte d'Ivoire, in a contract worth $294 million.
The highway will be located in Abidjan and will improve transport between the port, the biggest in West Africa and countries inland such as Burkina Faso and Mali. The new route will carry an estimated 100,000 vehicles/day and will include a bridge, with work starting in September and scheduled to require 25 months. Socoprim is the company set up for the contract and also involves Total CI, the Pan African Infrastructure Development Fund, the Côte d'Ivoire Government and the National Investment Bank.
The lenders include the African Development Bank, the West African Development Bank, ECOWAS Bank for Investment and Development, African Finance Corporation, the Dutch Investment Bank, the Moroccan Bank of External Trade and the Multilateral Investment Guarantee Agency. Work will begin in September 2012 and last 25 months.