Dakar Bus Rapid Transit (IFC-601344)

Countries
  • Senegal
Where the impacts of the investment may be experienced.
Financial Institutions
  • International Finance Corporation (IFC)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Proposed
Bank Risk Rating
U
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Feb 24, 2016
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
Government of Senegal (GoS)
The holder of the loan, grant, or other investment.
Sectors
  • Transport
The service or industry focus of the investment. A project can have several sectors.
Project Cost (USD)
$ 2.62 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Primary Source

Original disclosure @ IFC website

Updated in EWS Nov 28, 2017

Disclosed by Bank Mar 1, 2017


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Project Description
The PPP advisory mandate involves assistance in the structuring and implementation of the private sector components of the BRT (Bus Rapid transit) Project that Government of Senegal (GoS) is implementing with IDA financing assistance. The aim of the project is to launch a new bus-based pilot route for a BRT system. The project will consist in a 18.3km from Guediawaye to downtown Dakar on fully dedicated bus lanes. The Project consists broadly of (i) Transport infrastructure: construction of busway, terminals and stations estimated at US$ 330m; and (ii) Transport equipment and systems: procurement of bus fleet, operating system and passenger information system estimated at around US$ 60m. The transport infrastructure component would be financed by the GoS under loans from the World Bank, while the transport equipment and systems component will fall under the remit of the private operator for the envisaged PPP. Phase 1 (analyses and structuring) to analyze institutional, economic and environmental &amp; social aspects as well as undertake detailed technical and legal due diligence, commercial and tariff analyses and financial modelling. During this phase, a proposed structuring of the transaction will be discussed with GoS. Once the Government makes a decision, phase 2 (implementation) can start with marketing to potential investors, andpreparation of tender until the selection of an Operator for the BRT. </font><br></p>
People Affected By This Project
The identified pilot line stretches for 19km from Guediawaye to downtown Dakar It is expected to decrease average travel time by 50% from 95 to 47 minutes, with approximatively 500,000 people deserved by the pilot BRT corridor by 2025. This represents around 30% of the total trips on the future mass public transport network (BRT plus TER). The primary purpose for this initiative is to relieve the existing roads of their heavy congestion. The project will also be positive for the urban design and planning of the city. It will lead to a renewal of the downtown harbor, reconfiguration of the suburbs, and help to limit urban sprawl. From this project, it is expected an improvement of the availability and reliability of public transportation. The direct long term benefits will include an increase in urban productivity and reduction in the city center pollution. More indirect benefits will include the appreciation of land value along the main routes served and the potential for further development of commercial and real estate activities.
Investment Description
  • International Finance Corporation (IFC)
Contact Information
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