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Project Brief

Summaries of proposed guarantees are provided prior to Board consideration and before final contract signing, and they are therefore subject to change. Project briefs are disclosed after Board consideration and contract signing and reflect the terms of the project at the time of contract signature. Environmental and Social Review Summaries are provided for projects assigned an Environmental Assessment Category of A or B.

 

Project name
Henri Konan Bédié Bridge
Project ID
4138
Fiscal year
2012
Status
Active
Guarantee holder
PAIDF
BMCE Bank International Plc
Bouygues Travaux Publics S.A.
FMO
Africa Finance Corporation
Investor country
Netherlands
France
United Kingdom
Nigeria
South Africa
Host country
Cote d'Ivoire
Environmental category
A
Sector
Transportation
Date SPG disclosed
February 10, 2010
Project Board date
April 26, 2012
Gross exposure
 $145.0 million
Project type
Non-SIP
Strategic priority area
Complex Infrastructure
Conflict Affected
IDA
South-South
ESRS
Revised ESRS for Henri Konan Bédié Bridge
EIA
SOCOPRIM 1998 EIA Report
SOCOPRIM 2009 Preliminary ESIA Report.pdf
SOCOPRIM 2009 Preliminary ESIA Annexes

View Summary of Proposed Guarantee


On June 28, 2012, MIGA issued $145 million in guarantees covering equity investments and subordinated loans from Bouygues Travaux Publics of France and Pan African Infrastructure Development Fund of South Africa, subordinated and senior loans from Africa Finance Corporation of Nigeria, and senior loans from BMCE Bank International Plc of the United Kingdom and FMO of the Netherlands. MIGA’s coverage is for a period of 15 years against the risks of transfer restriction, expropriation, war and civil disturbance, and breach of contract.

The investments are supporting the design, construction, and operation of the Henri Konan Bédié Toll Bridge (HKB Bridge), over the Ebrié lagoon in Abidjan, with access roads to the north and south between the residential area of Riviera and the industrial area of Marcory. The total length of the full road connection will be around 6.6 kilometers, with the bridge itself spanning 1.5 kilometers. To the north, construction will consist of a 2x2 lane dual carriageway that will connect with the junction of the Boulevard Mitterrand and Est-Ouest roads and on which will be the toll plaza. To the south, construction will consist of a 2x3 lane dual carriageway with lateral access roads that will connect to Boulevard Giscard d’Estaing, the main road that joins Abidjan airport. There will be an interchange (VGE Interchange) built, not part of this project, which will connect the access road to the bridge with Boulevard Giscard d’Estaing. Pont Houphouët-Boigny (HB Bridge), one of the existing two bridges that cross the lagoon, will close for urgent repairs after the HKB Bridge opens. Initial work on the project, funded by the government of Côte d’Ivoire, started in October 2011.

The bridge will help address significant congestion and pollution in Abidjan. The existing bridges and infrastructure are under severe strain and unable to manage the city’s growing traffic. The bridge is also expected to reduce congestion and pollution in Abidjan and will result in a reduction of carbon dioxide emissions due to lower fuel consumption. The project will also provide important demonstration effects for future initiatives in the transport sector. It is one of the first private-sector led foreign direct investments in the country since the civil strife. Approximately 840 direct jobs will be created during the construction phase.

MIGA’s participation in the project is aligned with the agency’s commitment to supporting investment into the world’s poorest countries, investment in infrastructure, investment in conflict-affected countries, and South-South investments.

 
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