PROJECT

Projects

Summary of Investment Information

Project Number

34400

Company Name

SOCIETE D'EXPLOITATION DU TRANSGABONAIS

Date SPI Disclosed

May 12, 2015

Country

Gabon

Region

Africa

Projected Board Date

Jun 15, 2015

Environmental Category

B - Limited

Status

Active

Last Updated Date

Apr 5, 2017

Department

Gbl Infrastructure & Natural Resources

Industry

Infrastructure

Previous Events

Approved : Jun 14, 2016
Signed : Jun 26, 2016
Invested : Mar 24, 2017

Sector

Rail Transportation

Project Description

The Project consists in a loan to the “Société d’Exploitation du Transgabonais” (“SETRAG” or the “Company”) for (i) the rehabilitation of the existing infrastructure (rail track mostly) between Libreville and Franceville (including the replacement of wood sleepers with concrete sleepers), the ultimate goal being to reduce slowdowns and double the capacity of the line to 16 trains per day; and (ii) the acquisition of new rolling stock for the replacement and expansion of transport capacity.

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation