Home BUSINESS IVORY COAST: Loan from France for the construction of the Abidjan metro.

IVORY COAST: Loan from France for the construction of the Abidjan metro.

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On the occasion of the FCFA’s change project by Eco on Saturday December 21, 2019, France and Côte d’Ivoire proceeded the same day in Abidjan, to the signing of a loan agreement for a worth FCFA 31.4 billion or around 48 million euros. An agreement which is part of the construction of the Abidjan metro, the work of which is scheduled to start in 2020.

The agreement was signed by the French and Ivorian Ministers of Economy and Finance, Bruno Le Maire and Adama Coulibaly. The main objective of the project will be to make it easier for Ivorians to move and to accelerate economic activities.

Bruno Lemaire explains this support from France by the significant growth rate of Côte d’Ivoire, between 6 and 7%.

At a total cost of 1.36 billion euros, line 1 of the metro will require the construction of 24 bridges, 1 viaduct over the lagoon, 34 pedestrian walkways and 8 underground passages. The infrastructure will have a capacity of 530,000 passengers per day over a distance of 37 km.

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The works will start in 2020, will normally end in 2025 according to the French minister.