According to the Bank’s website, MIGA signed a contract issuing guarantee totaling EUR19.9 million to Meridiam Africa Investments SAS(Meridiam) for their equity investments in Dakar Mobilite SA (DM) in the Republic of Senegal. The MIGA Guarantee covers against the risks of Expropriation (Expro), Transfer Restriction and Inconvertibility (TR), War and Civil Disturbance (WCD), and Breach of Contract (BoC) for a period of up to 15 years.
The project involves the acquisition of rolling stock and associated equipment for, and the operation and maintenance (O&M) of, the first Bus Rapid Transit (BRT) network in Dakar (the Project), for a period of 15 years. With a total length of 18.3 km, the BRT route extends from downtown Dakar to suburban Guediawaye. Serving some of the city's most populated areas, it is expected to become a major traffic route and enhance urban mobility in Dakar.
|Private Actor 1||Private Actor 1 Role||Private Actor 1 Sector||Relation||Private Actor 2||Private Actor 2 Role||Private Actor 2 Sector|
|-||-||-||-||Dakar Mobilité SA||Undisclosed||-|
|-||-||-||-||Meridiam SAS||Parent Company||-|
For additional information, please contact:
Contact name: Dr. Mariétou NDIAYE
Contact number: +221 76 6201766
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: firstname.lastname@example.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