African Development Bank secures $3,3 billion for the construction of the East African railways corridor

Roads in Africa - African Development Bank (AfDB) has secured $58 billion in investment commitments for investment in Africa for projects in Africa. The largest deal secured is the $15.6 billion for the construction of the Lagos Abidjan highway corridor which is part of the trans African highway 7, that would link Nigeria and the Ivory Coast, to ease transportation across West Africa. 

The highway of about 1,200 km will have four to six lanes and should be completed in about six years. The president of the African Development Bank (AfDB), Akinwumi Adesina, revealed this during the Africa Investment Forum virtual boardroom closing session last week, where he also confirmed securing $3.3 billion, for the construction of the East African railways corridor, which will connect Tanzania with Burundi and the Democratic Republic of Congo and another component which will link Tanzania with Rwanda.