Ivory Coast announces $7bn infrastructure plan

2018-03-05 21:04
Map of Ivory Coast. (iStock)

Map of Ivory Coast. (iStock)

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Abidjan - The West African state of Ivory Coast on Monday said it was earmarking $7.07bn in infrastructure spending over the next five years, especially in transport.

The announcement was made by the minister for economic infrastructure, Amede Koffi Kouakou, at ceremonies to launch a business fair to be held in the economic capital Abidjan in November.

"Investment of around $7.07bn has been scheduled over the five years," he said, hailing the spending as "a major contribution to growth."

Chief areas of investment include a bridge in Abidjan linking the district of Yopougon to the business centre of Plateau, and completing half of some 650km of highway that Ivory Coast has to build under a scheme linking Abidjan to the capital of Burkina Faso, Ouagadougou.

Ivory Coast is considered a star performer among West African economies. In 2017, its gross domestic product (GDP) expanded by 7.6%.

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Read more on:    ivory coast  |  west africa

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