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Projects

Summary of proposed guarantee

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
Cotecna Inspection S.A., Niamey Liaison Office
Project ID
8429
Fiscal year
2013
Status
Active
Guarantee holder
Cotecna Inspection Services S.A.
Investor country
Switzerland
Host country
Niger
Environmental category
B
Sector
Services
Date SPG disclosed
October 19, 2012
Project Board date
November 21, 2012
Gross exposure
 $6.0 million
Project type
Non-SIP
Strategic priority area
IDA
ESRS
ESRS for Cotecna Inspection S.A., Niamey Liaison Office in Niger

This summary covers an investment by Cotecna Inspection Services S.A. (COINS) of Switzerland in Cotecna Inspection S.A., Niamey Liaison Office in Niger. The investor has applied for a MIGA guarantee of €4.7 million (approximately $6.0 million) for a period of up to six years against the risks of transfer restriction, expropriation, war and civil disturbance, and breach of contract.

For this proposed project, COINS will provide services to the government of Niger on a build-operate-transfer basis in return for a monthly operating and management service fee. These services include: preshipment inspection and document verification at origin; the provision, installation, operation, and maintenance of three high-energy scanners at three sites (Niamey Route, Niamey Rive Droite, and Maradi); goods verification, inspection, and valuation; training and logistic assistance to the government for the modernization of national customs with the objective of enhancing budgetary revenues and security; and the eventual transfer of the scanners to the government.

Environmental Categorization

The project is a category B under MIGA’s Policy on Social and Environmental Sustainability. Click here to view the Environmental and Social Review Summary.

Development Impact

The project will introduce greater transparency and efficiency into Niger’s import verification processes. The transparent audit trail provided by scanning data will also help the government secure revenues through the elimination of opportunities for fraud and fiscal evasion. Security at points of entry will also be enhanced by ensuring that containerized goods are not illegal. In addition, the proposed project will facilitate trade through more efficient and rapid verification of imported goods.

COINS will provide training and build capacity for the government’s future takeover of operations and improve public resource management.  The operations will sustain136 local jobs.

The World Bank Group’s areas of focus in Niger include increasing transparency and governance as well as improving cross-border trade. The proposed project supports both these objectives.

It is also aligned with MIGA’s strategic priority of supporting investments into countries eligible for concessional lending from the International Development Association.

 
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