Deal details
Line 1 Metro d'Abidjan - Bpifrance Covered Loan
Description
The ministry of Economy and Finance of Côte d'Ivoire has raised an ECA-backed facility to fund a part of the commercial contract related to the construction of the Line 1 of Abidjan subway. The debt will finance the design, construction, operation and maintenance of this 1st Line which is part of the National Development Plan of Côte d'Ivoire.This flagship project is a 38-kilometre rapid transit network which passengers’ service expected to start in 2028. Construction of the metro infrastructure and delivery of rolling stocks will be performed by a consortium made of Alstom, Bouygues Travaux Publics, Colas Rail for the EPC contract and Keolis for the O&M.This project is a major step forward in providing improved public mass transportation infrastructure in Ivory Coast. The metro of Abidjan will enhance mobility and fluidity of urban traffic, while ensuring better access to jobs, resources and services for the city inhabitants. It will also contribute to a cleaner environment and improve road safety.The metro line will cross the City of Abidjan from north to South over 37,4 km from Anyama to the international airport, will be composed of 2 tracks for the metro and 1 track for the SITARIAL train. 20 metro stations will be built along the railway. The metro line is expected to transport around 500 00 people per day and 180 million people per year. Rationale for Nomination for:First metro line in Western AfricaA major urban mobility infrastructure project which will contribute to better access to jobs, education and health services while reducing urban pollution and road safety issues related to intensive car usage and traffic jamsThe financed project contributes to the UN Sustainable Developments Goal 3 “Good health & wellbeing”, Goal 9 “Industry, innovation and infrastructure” and Goal 11 “Sustainable cities”The largest BPIFAE facility in Sub-Saharan AfricaComprehensive financing solution which includes a French Treasury Direct LoanThe project meets 3 sustainable development goals:SDG 8 : participation to economic growth: accelerate commercial flows by reducing the traffic jam.SDG 10 : reduction of inequalities in isolated areas: enable populations of poorly public infrastructure served-areas to access all Abidjan areas.SDG 11 : more inclusive cities : equal access to all Abidjan’s infrastructure, services and areas for city center and suburb’s population as well
Assets involved
Sustainable categories
- None
- SL6: Socioeconomic advancement to vulnerable groups
Companies involved
- Alstom, Bouygues, Colas, Keolis
- Allen & Overy
- Alstom, Bouygues, Keolis, Colas
- Bpifrance
- Societe Generale
- BNP Paribas, Societe Generale
- Societe Generale, BNP Paribas
- BNP Paribas
- Societe Generale
- Societe Generale
- KSK Société d' Avocats
- Societe Generale
Key information
Ministry of Economy and Finance of the Republic of Ivory Coast
1155$m
19-12-2022
Infrastructure / Metro/Underground
Cote D'Ivoire (Ivory Coast)
Project & Infrastructure Finance
Equipment for a project
Sovereign finance
New finance
Tranche information
Bpifrance Covered Loan
1,155$
ECA-backed buyer credit
1155$m
Euro - EUR
1,090,000,000
19.0 years
Bpifrance
-
-
Participant | role | ticket size |
---|---|---|
BNP Paribas | MLA | 318$m |
Societe Generale | MLA | 837$m |