EIB, Lagos partner on €€170m investment to transform water transport

By Steve Agbota 
EIB Global, a branch of the European Investment Bank (EIB) on Friday, partnered with the Lagos State Government to invest €170 million to develop sustainable and efficient waterways transport in the state.
The signing ceremony followed by a site visit was held at the Lagos State Waterways Authority (LASWA) headquarters, in the presence of Ambroise Fayolle, EIB Vice-President; Gautier Mignot, EU Ambassador, and Laurent Favier, Consul General of France in Lagos.
This is the first collaboration between LASWA and EIB, the largest funder of the Omi Eko Project. The EIB long-term loan is supported by EU guaranteed under the Global Gateway Initiative of which the EIB is ...