Lagos, European Bank sign €170m sustainable waterways transport deal

Guardian | 20-06-2026 05:55am |

The Lagos State government has entered into a significant agreement with EIB Global, the development arm of the European Investment Bank, to enhance sustainable waterways transport in the region. The deal, valued at €170 million, aims to improve the efficiency and environmental sustainability of water transport systems within Lagos. This partnership is expected to facilitate better connectivity and reduce congestion in the city, contributing to the overall development of the transportation infrastructure. The collaboration underscores a commitment to fostering sustainable urban mobility solutions in one of Africa's largest cities.

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