Bloomberg News

Ivory Coast Starts Highway Project With $100 Million China Loan

August 03, 2012

Ivory Coast started a road construction project funded with a $100 million loan from the Export-Import Bank of China.

It will take about 30 months to complete the highway connecting Abidjan, the commercial capital, to the eastern coastal town of Bassam, President Alassane Ouattara said at the start of the project today.

China Machinery Engineering Corp. is the contractor on the project, he said. Ivory Coast will provide an additional 9.3 billion CFA francs ($17.4 million) to complete the road, he added.

To contact the reporter on this story: Baudelaire Mieu in Abidjan at bmieu@bloomberg.net

To contact the editor responsible for this story: Emily Bowers at ebowers1@bloomberg.net


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