New Bugesera International Airport (MIGA-0577da08c6)

Countries
  • Rwanda
Geographic location where the impacts of the investment may be experienced.
Financial Institutions
  • Multilateral Investment Guarantee Agency (MIGA)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Proposed
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
A
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Voting Date
Jul 30, 2018
Date when project documentation and funding is reviewed by the Board for consideration and approval. Some development banks will state a "board date" or "decision date." When funding approval is obtained, the legal documents are accepted and signed, the implementation phase begins.
Borrower
African Infrastructure Investments Managers
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Infrastructure
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Guarantee
The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 120.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Project Cost (USD)
$ 150.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Bank Documents
Primary Source

Original disclosure @ MIGA website

Updated in EWS Dec 26, 2018

Disclosed by Bank May 29, 2018

Contribute Information
Can you contribute information about this project?
Contact the EWS Team

Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

MIGA has been approached to cover a US$120 million equity investment into the Bugesera Airport Company (BAC), for the purposes of designing, building, and operating, the New Bugesera International Airport (NBIA or the "Project"). The Project involves the design, construction, operation and maintenance of a new airport, including airport terminal and associated structures and infrastructure; temporary 5 kilometers (km) water pipeline for the construction phase; upgrades to the road linking an existing quarry northeast of the proposed Project; and a 14.5 km expressway. The Project is located 23 km southeast of Kigali in the Rilima and Juru sectors of the Bugesera District of Rwanda. The Project is fully owned by BAC, a special purpose vehicle responsible for the construction and operation of the Project, which is 25% owned by Aviation Travel and Logistics (ATL) - an institution of the Government of Rwanda, and 75% owned by Mota Engil - an international construction and infrastructure management company. Mota Engil is also the project developer and Engineering, Procurement and Construction (EPC) contractor. It is proposed the ground services will be provided by RwandAir as the anchor airline for the airport. Airport Consulting Vienna (ACV), an international firm specializing in commercial airport planning and development, has been engaged as technical advisor for the construction of the Project, and is also being considered to provide technical support during operations.

 

 

Investment Description
Here you can find a list of individual development financial institutions that finance the project.

Contact Information
This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.

Bugesera Airport Company,

KG 415 Avenue, Gate No 6,

Gacuriro,

PO Box 2179 - KIGALI,

Rwanda.

Attention: Mr Vladislav Bystrenko

Tel: +250 280 119 922

ACCOUNTABILITY MECHANISM OF MIGA

The Compliance Advisor Ombudsman (CAO) is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an IFC or MIGA- financed project. If you submit a complaint to the CAO, they may assist you in resolving a dispute with the company and/or investigate to assess whether the IFC is following its own policies and procedures for preventing harm to people or the environment. If you want to submit a complaint electronically, you can email the CAO at CAO@worldbankgroup.org. You can learn more about the CAO and how to file a complaint at http://www.cao-ombudsman.org/

How it works

How it works