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Côte d’Ivoire - Air Côte d’Ivoire Modernization and Expansion Program

17-Nov-2017

The Ivorian economy has performed quite wellinthe past decade,whilst demonstrating resilience to economic headwinds. The economy grew8.9% in 2015 and 8.4% in 2016. Whilegrowth is expected to slow slightly in 2017 at 7.3%, mainly due to decline in agricultural exports, the economy is expected to rebound to 8.1% in 2018. Diversification of the economyand the quality of sameis essential to support and sustain economic growth. In view of diversification, Côte D’Ivoire’s geographical location alongside its commercial and demographic assets, positions it as an aviation hub in West and Central Africa region (WCA), with the ease to connect traffic from within the continent and to the outside world. The Government of the Republic of Côte D’Ivoire(GoC) is keen to leverage this national advantage to developAbidjan into a hub and to respond to the growing demand for an aviation hub to serve the WCA region. This objective is well definedin the country’s National Development Plan (NDP 2016 -2020) and its Vision 2040, and Air Côte D’Ivoire(ACI), “a national carrier”,is expected to play a crucial roletowards its actualization. The proposed Air Côte D’IvoireModernization & Expansion Program (“the Project”) is aimed at repositioning ACI to deliver on this mandate.

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