Transgabonaise Road (MIGA-14997)

  • Gabon
Geographic location where the impacts of the investment may be experienced.
Specific Location
Libreville, Franceville, and others
Whenever identified, the area within countries where the impacts of the investment may be experienced. Exact locations of projects may not be identified fully or at all in project documents. Please review updated project documents and community-led assessments.
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
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
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."
Meridiam SAS
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
  • Infrastructure
  • Transport
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 71.59 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.
Currency conversion note:
Bank reported 67.5
Converted using 2023-02-22 exchange rate.
Primary Source

Original disclosure @ MIGA website

Updated in EWS Feb 25, 2023

Disclosed by Bank Feb 22, 2023

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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.

From the MIGA's website:

This Early Disclosure covers an application by Meridiam (France) for their equity, quasi-equity and shareholder loans investments into Société Autoroutière du Gabon (Gabon) for the rehabilitation, operation, and maintenance of the Transgabonaise road, a key piece of infrastructure in Gabon. The investor has applied for MIGA’s guarantee of up to EUR 67.5 million against the risks of Transfer Restriction, Expropriation, Breach of Contract, and War and Civil Disturbance, for a period of up to 15 years.

The Project consists of the design, development, financing, upkeep, operation, and maintenance of a 93-kilometer section (between 12th kilometer –near Libreville– and 105th kilometer –10 km past Kango) of the Transgabonaise economic route, an important link between the East of the country and its capital Libreville in the West, critical for development of several industries, internal and external trade. Despite its strategic importance, years of neglect caused significant deterioration of many sections of the road which has become a significant issue due to absence of alternative transport links. Renovation and expansion undertaken as a part of the Early Disclosure Project will significantly improve the quality of the road and ensure a smooth and safe flow of traffic on this important pathway.

Ownership of the Project sits with the Fonds Souverain de la République Gabonaise (25%) and Meridiam (75%).

In accordance with the project's budgetary and construction schedule, the Transgabonaise (with a length of approximately 828 km) was divided into three stages with the production of three separate ESIA for each stage. MIGA is supporting Stage 1A (section PK 12 - PK 105) of the road.

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

The investor (Meridiam, a French company) has applied for MIGA’s guarantee of up to EUR 67.5 million against the risks of Transfer Restriction, Expropriation, Breach of Contract, and War and Civil Disturbance, for a period of up to 15 years.
The Guarantee Holder is Meridiam, via Meridiam Infrastructure Africa Fund II SLP, and Meridiam Infrastructure Africa Parallel Fund II SLP.

Private Actors Description
A Private Actor is a non-governmental body or entity that is the borrower or client of a development project, which can include corporations, private equity and banks. This describes the private actors and their roles in relation to the project, when private actor information is disclosed or has been further researched.

According to Bloomberg, Meridiam SAS operates as an asset management firm. The Company specializes in public and community infrastructure. Meridiam serves clients globally.

Private Actor 1 Private Actor 1 Role Private Actor 1 Sector Relation Private Actor 2 Private Actor 2 Role Private Actor 2 Sector
- - - - Meridiam SAS Client Finance

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.

No project contacts available at the time of disclosure.


- France: 4, Place de l'Opéra 75002 Paris, France
- Gabon: Immeuble Odyssée 6ème étage Lot N°602 Boulevard de l’indépendance BP : 8877, Gabon 
- France: +33 1 53 34 96 96
- Gabon: +241 77 36 75 75
Fax: +33 1 53 34 96 99


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