West Africa gas pipeline approved

The World Bank's board of directors recently approved an investment guarantee for the $590 million West Africa gas pipeline in November, despite strong civil society resistance. The pipeline will transport natural gas from the Western Niger Delta area of Nigeria, to Togo, Benin and Ghana. After funding the initial feasibility studies for the pipeline in 1992, the Bank has now provided a $125 million investment guarantee to encourage private investors to come up with the remaining $465 million. Friends of the Earth Nigeria charge that the pipeline "is being implemented in total disregard of environmental and livelihood concerns of Nigerian communities."

This text may be freely used providing the source is credited.

This page is: <http://brettonwoodsproject.org/art.shtml?x=107968>

Published: 26 January 2005 , last edited: 27 May 2010

Viewings since posted: 4851

Articles: 3795

Advanced article search
Search newswire and resources

Recent briefings & reports

Climate Investment Funds Monitor 7: April 2013 25 April 2013

Working paper: The private sector and climate change adaptation: International Finance Corporation investments under the Pilot Program for Climate Resilience 24 April 2013

The UK's role in the World Bank and IMF: Department for International Development and HM Treasury 13 March 2013

World Bank on jobs: a "significant departure" or "business as usual"? 13 February 2013

The World Bank and industrial policy: Hands off or hands on? 6 December 2012

Climate Investment Funds Monitor 6: October 2012 26 October 2012