New Bugesera International Airport (MIGA-4651)

Regions
  • Africa
Geographic location where the impacts of the investment may be experienced.
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 1, 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.
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)
$ 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 Feb 27, 2019

Disclosed by Bank May 29, 2018

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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.

According to MIGA website, this summary covers an application by Mota Engil Engenharia e Construcao Africa, S.A, African Infrastructure Investments Managers, Pembani Remgro Infrastructure Managers, Harith General Partners Limited and Royal Bafokeng Holdings (Pty) Limited for MIGA guarantees covering their proposed equity investments into Bugesera Airport Company in Rwanda. 

The project entails the development, construction, financing, ownership and operation of the greenfield New Bugesera International Airport (NBIA) under a 25-years Concession Agreement. The Project site is approximately 27 kilometers from the City of Kigali, in Bugesera District which is in the South-Eastern region of Rwanda.

The NBIA is seen in the airport’s enabling role for the country’s development strategy which aims to leverage Rwanda’s positive investment environment, high doing-business scores, and perceived political stability in order to turn Rwanda into a regional hub for conferences, transport and tourism. NBIA will thereby promote stronger integration with regional economies.

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

Guarantee holder:

  • African Infrastructure Investments Managers
  • Pembani Remgro Infrastructure Managers
  • Harith General Partners Limited
  • Royal Bafokeng Holdings (Pty) Limited
  • Mota Engil Engenharia e Construcao Africa, S.A

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 contact information provided at the time of disclosure. 

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/

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