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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.
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.
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 |
No project contacts available at the time of disclosure.
Meridiam:
Address:
- France: 4, Place de l'Opéra 75002 Paris, France
- Gabon: Immeuble Odyssée 6ème étage Lot N°602 Boulevard de l’indépendance BP : 8877, Gabon
Phone:
- France: +33 1 53 34 96 96
- Gabon: +241 77 36 75 75
Fax: +33 1 53 34 96 99
Email: paris@meridiam.com
Website: www.meridiam.com
ACCESS TO INFORMATION
You can submit a request for information disclosure at: https://www.miga.org/contact/access_to_information
You can also request general information about MIGA and for information on guarantees by emailing: migainquiry@worldbank.org
ACCOUNTABILITY MECHANISM OF IFC/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
