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Скачать или смотреть The Mega Road Project That Will Connect Africa | Trans African Highway (TAH)

  • Real JeRi
  • 2023-09-20
  • 749
The Mega Road Project That Will Connect Africa | Trans African Highway (TAH)
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Описание к видео The Mega Road Project That Will Connect Africa | Trans African Highway (TAH)

Welcome to Real Jeri, your source for the latest development projects in Africa and beyond! In today's video, we delve into the Trans-African Highway project, a groundbreaking initiative by the United Nations Economic Commission for Africa (UNECA) aimed at integrating the continent through an extensive road network. Despite political challenges, the African Continental Free Trade Agreement (AfCFTA) breathes new life into this ambitious vision, offering Africa a historic opportunity to boost trade, tourism, and overall growth.

The Trans-African Highway Network envisions a comprehensive blueprint for economic integration across Africa. By creating a web of nine major highways, such as Cairo-Cape Town and Dakar–Lagos, this interconnected road network lays the foundation for thriving regional trade and cooperation.

The African Continental Free Trade Agreement (AfCFTA) eliminates tariffs and non-tariff barriers, unlocking the potential of a vast market of 1.4 billion consumers and a combined GDP of US$8.9 trillion. To fully capitalize on AfCFTA's benefits, robust infrastructure is vital to facilitate the movement of goods and people.

Currently, inadequate infrastructure impedes continental trade, resulting in high transportation costs and cumbersome border crossings. The Trans-African Highway Network could alleviate these limitations, reducing costs, improving connectivity, and streamlining cross-border trade.

An ambitious $15 billion project, funded by the African Development Bank (AfDB), aims to transform the Lagos-Abidjan Highway Corridor into a six-lane transnational highway. Such infrastructure investments would generate jobs, stimulate economic growth, and enhance the quality of life for millions of people in Africa.

Improved infrastructure would revitalize Africa's tourism industry, attracting adventure tourists and boosting the sector's growth. With enhanced accessibility and connectivity, tourists would have the opportunity to explore Africa's rich cultural heritage, breathtaking landscapes, and diverse wildlife.

The Trans-African Highway Network has the potential to drive significant intra-African trade growth, potentially lifting millions out of poverty and attracting foreign direct investment.

By unlocking its economic potential, the Trans-African Highway Network could position Africa as a driving force behind global economic growth. With the renewed momentum from the African Continental Free Trade Agreement (AfCFTA), Africa stands on the verge of transforming trade, tourism, and growth, harnessing the power of infrastructure to unlock its full potential.

Don't forget to like this video and subscribe to our channel for more exciting updates on development projects in Africa and beyond. Thank you for watching!

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Please watch: "Lagos Blue Rail rapid transit"
   • Lagos Blue Rail rapid transit  
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