According to a study of the Abidjan Lagos Corridor Highway Development Project's economic viability, Ghana's share of the proposed road infrastructure is the most economically feasible route.
The project's 520-kilometer section in the nation, which connects Yamoransa-Aboansa and Aburi-Afineya, had a 17 percent Economic Internal Rate of Return (EIRR), which was greater than the project's average of 15%.
The World Bank and other development partners normally set a cap of at least 12% for Economic Rate of Returns, which gauges the profitability of a project's investment.
According to a study of the Abidjan Lagos Corridor Highway Development Project's economic viability, Ghana's share of the proposed road infrastructure is the most economically feasible route.
The project's 520-kilometer section in the nation, which connects Yamoransa-Aboansa and Aburi-Afineya, had a 17 percent Economic Internal Rate of Return (EIRR), which was greater than the project's average of 15%.
The World Bank and other development partners normally set a cap of at least 12% for Economic Rate of Returns, which gauges the profitability of a project's investment. The meeting's purpose was to allow the Steering Committee to assess the project's progress, which includes the construction of a three-lane dual carriageway, the implementation of transportation facilitation measures to improve intra-regional trade, and the development of a comprehensive corridor economic development plan.
Lagos Highway Development Project in Abidjan
The Abidjan-Lagos Corridor spans 1,028 kilometers and connects some of Africa's most populous and economically vibrant cities, including Lagos, Accra, Cotonou, Lome, and Abidjan.
It also serves a substantial section of West Africa's population and connects extremely active maritime ports, servicing all of the region's landlocked countries, including Burkina Faso, Mali, and Niger.
Several interventions by ECOWAS, development partners, and nations along the corridor have been done over the years to facilitate transportation on this corridor, which transports more than 75% of West Africa's commerce volume.
Road infrastructure improvements, border post reform, and soft transport facilitation interventions are among the measures being taken to facilitate the free movement of people, goods, and transportation.
As a result, the heads of state of these five West African countries joined forces to build a six-lane motorway along the corridor.
A Public-Private Partnership (PPA) arrangement is planned to be used to fund the $15.6 billion project.