📋 Tender Overview
Project Number: 48522
Company Name: Benin Terminal
Date SPI Disclosed: Apr 5, 2024
Country: Benin
Region: West Africa
Projected Board Date: Jun 4, 2024
Environmental Category: A
Status: Pending Approval
Department: Regional Industry - INF Africa
Industry: Infrastructure
Sector: Port and Harbor Operations
Additional Project Attributes: Public-Private Partnerships
Project Description
Benin Terminal ( BT or the Company ), the concessionaire of the container terminal of the port of Cotonou (the Port ), has embarked on a EUR 165.5 million investment plan to upgrade its terminal and purchase new equipment (the Project ).
This Project is embedded in the wider expansion program of the Port under the coordination of Port Autonome de Cotonou ( PAC ), the state-owned entity in charge of the management and development of the Port.
The initial concession between BT, PAC and the State of Benin was signed in 2009. In July 2022, as part of the PAC expansion program, the parties signed a new concession of 27 years.
Total Project Cost and amount and nature of IFC's Investment: The total project cost is estimated at EUR 165.5 million. IFC is considering providing an A Loan of up to EUR 20 million. The remaining amount of debt is to be funded in local currency (XOF) by commercial banks.
Financing Sources:
2) World Bank (WB)
1818 H Street, NW Washington,
DC 20433 USA
Tel : (202) 473-1000
https://www.worldbank.org/
