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Business & Finance

African Development Bank approves 770mn euro loan for Ivory Coast

Published December 16, 2016 Updated December 16, 2016 08:08pm
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By Fawad Maqsood
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imageABIDJAN: The board of the African Development Bank (AfDB) has approved a 770 million euro ($805 million) loan for Ivory Coast for road upgrades in the commercial capital Abidjan, including a fourth bridge over the city's lagoon, the bank said on Friday.

"The project will allow for an improvement in traffic flow, reduce road accidents, reinforce urban management (and) improve air quality," said Amadou Oumarou, the bank's director for transportation.

Copyright Reuters, 2016

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