Arise Special Economic Zone

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Arise Integrated Industrial Platforms Ltd (Arise IIP or the company) is a developer and operator of Special Economic Zones (SEZ) and Industrial Parks across Africa. The sponsors of Arise IIP are Africa Finance Corporation (AFC), Equitane and Fund for Export Development in Africa (FEDA). Arise IIP is a developer and operator of SEZs that provide common infrastructure and services (such as energy, water, and wastewater and waste management), good export connectivity and simplified administrative procedures to SEZ tenants. A key aim of the SEZs is allow the processing of raw agro-commodity products in their country of origin and generate added value prior to export and create employment opportunities. Arise currently has operational SEZs in Gabon, Togo, Benin and a number of other SEZs across Africa currently under development. Each SEZ is a joint venture (JV) with the respective government of the host country. The proposed investment is a corporate finance loan of up to 230 million in A-Loan, B/Parallel Loans, and an IDA PSW subordinated tranche, with defined use of funds to develop: i) Phase 1 of the Plateforme Industrielle d'Adétikope  (PIA) in Togo; ii) Phase 1 of the Zone Economique Speciale de Glo Djigbé (GDIZ) in Benin. This is collectively referred to as the Project.PIA Phase 1 has been developed on 130 ha of land within the municipality of Agoe-Nyive 6, approximately 25 kilometres (km) from the City of Lomé along the National Road 1 leading to Burkina Faso. GDIZ Phase 1 has been developed on 407 ha of land, located in the municipalities of Tori-Bossito and Ze, about 45 km from Cotonou along the interstate national road. Both SEZs are operational and located within a peri-urban zone consisting of a mix of settlements, industrial and agriculture areas.The funds will be utilized for the construction of hard assets for the industrial real estate i.e., land preparation, internal road network and lighting, connections to the national electricity grid and internal distribution, water abstraction, treatment and distribution, wastewater management, waste management, internet network, warehouses, inland container depot, truck parking bays, fire station, and other ancillary infrastructure and services. Tenants lease serviced plots within the SEZs and are responsible for construction, operation, and maintenance of their own facilities. SEZ operations refer to activities undertaken to operate and maintain the common infrastructures and services.