Côte d’IvoireInvestor Activity

France Agrees €250m Loan to Build Ivory Coast Metro

1 Mins read

France Agrees €250m Loan to Build Ivory Coast Metro

French trade minister, Olivier Becht commented: “This is a major project for the district of Abidjan which will make it possible to reduce the city’s traffic jams.

The government of France has agreed a loan of €250m to fund the construction of a 37km metro in Abidjan, the capital of the Ivory Coast.

The €1.4bn initial phases, comprising an elevated light rail network with 18 stations, will be carried out by a largely French consortium.

Project management will be carried out by vaBouygues Traux Publics, with Alstom supplying the trains and the signalling system and Bouygues subsidiary Colas Rail handling electrification, ticketing and passenger information.

The system will replace an existing rail line. French trade minister Olivier Becht commented: “This is a major project for the district of Abidjan which will make it possible to reduce the city’s traffic jams.

“This is a project that requires laying new tracks, building new stations as well as installing new equipment and new trains.”

Work on the first phase, which will connect the Anyama Centre in the north of the city to the northern suburb of Félix-Houphouët-Boigny International Airport in the south, was to have begun by the end of 2020, but this was delayed by the Covid pandemic.

Later phases of the scheme will include an east–west line from Yopougon to Bingerville.

When complete, the metro is expected to carry some 500,000 passengers a day at a top speed of 80km/h.

 

 

Source: Railbus.com.ng

Related posts
Investor ActivityMaking the newsNigeria

BUA Foods Makes $200 Million Investment in Sugar Project

2 Mins read
BUA Foods Makes $200 Million Investment in Sugar Project The Managing Director of BUA Foods, Ayodele Abioye, on Wednesday revealed that the…
ChinaInvestor ActivityMauritius

China Investors Set Their Sights on Mauritius as it Embraces Sustainability and Enhances Trade Deals

3 Mins read
China Investors Set Their Sights on Mauritius as it Embraces Sustainability and Enhances Trade Deals Chinese investors have begun shining a spotlight…
HeadlineInvestor ActivityScramble For Africa

Betting on Africa: Norrsken Founder Niklas Adalberth's Vision and Investment Strategy

5 Mins read
In 2016, Niklas Adalberth, co-founder of Klarna, exited the buy now, pay later giant to establish the Norrsken Foundation, a nonprofit organization grounded in the…

Leave a Reply

Your email address will not be published. Required fields are marked *