Lagos Secures €170m EIB Funding For Electric Ferry Transport Project

Lagos State has secured a €170 million financing partnership with EIB Global, the development arm of the European Investment Bank (EIB), to accelerate the development of a sustainable and efficient water transport system across the state.
The agreement, announced at a signing ceremony and site visit held at the Lagos State Waterways Authority (LASWA) headquarters, brings together senior representatives of the European Union and international partners, including EIB Vice-President Ambroise Fayolle, EU Ambassador to Nigeria and ECOWAS, Gautier Mignot, and the French Consul General in Lagos, Laurent Favier.
The financing marks the first collaboration between LASWA and the EIB and forms p...