Original disclosure @ IFC website
Updated in EWS Feb 6, 2020
Disclosed by Bank Feb 4, 2020
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The Project comprises an additional financing to support the ongoing rehabilitation of the 648-kilometer single-track Transgabonais railway in Gabon. The railway is operated under a 30-year concession by “Société d’Exploitation du Transgabonais” (“SETRAG”). The rehabilitation works consist of (i) the rehabilitation of the existing infrastructure between Owendo and Franceville (including “below rail” and “above rail” components), and (ii) the acquisition of new rolling stock for the replacement and expansion of transport capacity. The ultimate goal of the rehabilitation is to restore the railway’s design transport capacity to 16 train pairs per day.
(i) Stakeholder impact: increase capacity, quality and safety of rail services, through improvements to the country's sole rail network. These improvements will support strong projected growth in mining and general freight demand. The Program is expected to add up to 12 million tons per year of long-haul capacity, as well as improve wagon turnaround times by up to 30%.
(ii) Economy-wide impact: The Project is expected to generate domestic value added and employment effects;
(iii) Impact on suppliers: The Project is expected to increase local procurement of goods and services. These potential outcomes will be quantified during the appraisal.
Contribution to market creation:
(i) Integration: The Project improves enabling infrastructure that
contributes to deepening connectivity between Gabon's mining sector and global commodity markets. It also ensures continued access for multiple users, including general freight and passenger traffic, on a non-discriminatory basis.
(ii) Resilience: The Project supports growth in mining and general freight segments, contributing to diversifying the country's revenue sources.
Mr. Renato Torres
+241 01 70 80 04
Owendo P.O. Box 578 Libreville, Gabon
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