Release date: 9 June 2023
Promoter – Financial Intermediary
REPUBLIQUE DE GUINEE-BISSAULocation
Description
The project will finance the rehabilitation and climate change resilience enhancement of the N2 highway between Safim and Mpack (115 km), corresponding to a section of the Dakar-Lagos Trans-African Highway corridor No.7 (TAH-7). More specifically, this includes widening the existing road to accommodate hard shoulders, as well as the rehabilitation of two major and five minor bridges. The EIB loan will support road rehabilitation works on the approximately 65 km-long section, starting from PK45 close to village of d'Antotinha to the M'Pack border crossing.
Objectives
As part of the EU's Global Gateway strategy, this project will bring significant improvements in the country, such as increased mobility and safety, better access to trade and economic activities, as well as essential services. The project will also promote regional integration, enhancing Guinea-Bissau's potential to trade with neighbouring countries and within the wider West African market. Additionally, it will benefit through economies of scale from an expanded market in an integrated African economy under the African Continental Free Trade Area (AfCFTA) which entered into force on 1 January 2021. As a strategic regional corridor, the project is supported by the EU under its Multi-Annual Indicative Programme for Sub-Saharan Africa (2021-2027). The project also forms part of the EU Global Gateway strategic corridor Praia/Dakar-Abidjan, identified under the 2nd Priority Action Plan of the Programme for Infrastructure Development in Africa (PIDA PAP 2). The project will contribute to the following Sustainable Development Goals (SDGs): SDG 9 (Industry, Innovation and Infrastructure), SDG 13 (Climate Action), as well as SDG 1 (reducing poverty), SDG 5 (gender equality), SDG 8 (providing decent work and economic growth) and SDG 17 (partnership and goals).
Sector(s)
- Transport - Transportation and storage
Under Global Europe NDICI guarantee
Under EFSD+ Guarantee
Proposed EIB finance (Approximate amount)
EUR 85 million
Total cost (Approximate amount)
EUR 170 million
Environmental aspects
If located within the EU, the project would fall under Annex II of environmental impact assessment (EIA) Directive 2014/52/EU amending the EIA Directive 2011/92/EU and would therefore be subject to screening by the competent authority to determine whether an EIA was required. The project is, in any case, categorised as requiring a full EIA under applicable domestic legislation, Law 10/2010 of 24 September (Lei de Avaliação Ambiental) setting general principles for the EIA procedure. Therefore, an EIA procedure, in accordance with applicable standards, needs to be undertaken and submitted to the Competent Authority for approval. The Bank will check the environmental and social aspects during appraisal and verify that the Promoter has complied with the relevant EU principles and the EIB Environmental and Social Standards.
Procurement
The promoter has to ensure that implementation of the project will be done in accordance with the EIB's Guide to Procurement. In particular, the Bank will require that calls for international tenders will be published in the OJEU.
Status
Under appraisal - 3/06/2022
Disclaimer
Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).