On October 3, 2011, The Ivory Coast announced that the Export-Import Bank of China offered the Ivory Coast at $114 million loan at two-percent interest over 20 years to finance a motorway construction project linking Abidjan to Grand-Bassam, 30 km to east.
After more than a decade of violence and political unrest, Ivory Coast is experiencing important investments from foreign nations in an attempt to build a better country. Several projects are being undertaken by the Alassane Ouattara administration including roads, housing and better infrastructure to boost the already high production of rubber and cocoa. One of these projects is the Adbijan-Grand Bassam six-lane motorway, which will link the economical capital of the country with the historical city of Grand-Bassam 20 miles to the east. According to Finance Minister Charles Koffi Diby it is aimed at developing the tourist sector along Ivory Coast’s south coast and help ease congestion in Abidjan. Several miles of houses in Gonzagville among other areas were taken down as part of the project.
The Alassane Ouattara government has planned 6.5 million USD to relocate the people living in these areas. Payment were supposed to be effective before eviction. However many residents haven´t received the money they were promised and are living among the debris of what used to be their homes.