Blaise Diagne International Airport

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In December 2006, Fraport signed a 25-year management contract with the Senegalese government (GoS) for the operation and maintenance of the Blaise Diagne Airport (AIBD), Dakar’s second airport scheduled for opening in 2009-2010. As of December 2007, information on the tender process were not known. Fraport was neither involved in the construction nor in the financing process. Construction began in April 2007 and was carried out by Saudi Binladen Group. Financing was provided directly by banks and through departure taxes. The management contract of Fraport was expected to start in 2008-2009, some months before the opening of the airport. Under the terms of the contract, Fraport was in charge of managing the entire airport operation (airside and landside), such as terminal management, retailing, facility and airside management, real estate development and passenger handling. In 2007, Dakar’s old airport had a capacity of around 1.5 million passengers per year. Capacity was expected to reach 5 million passengers per year after completion of the Blaise Diagne International Airport. [In 2011, a group of several banks agreed to financing amounting to $564 million (406 million euro), with funds due to come from the African Development Bank, the French Development Agency, the West-African Development Bank, and other banks from South Africa, Canada and Saudi Arabia. They loaned the money directly to the government. In 2012, the AfDB estimated that the total project cost were to amount to $730 million (575 million euro) to be financed by loans, $22 million (17 million euro) to be financed by the GoS (small costs and relocation costs for the affected population), and $54 million (42 million euro) financed under the BOT-contract. The AfDB was to support the project with a loan of $100 million (70 million euro) with a maturity of 18 months. The loan was approved on December 15, 2010, the first tier was paid out on 16 February 2012. The AfDB was also the co-arranger for loans from other banks and conventional lenders, including the French Development Agency AFD, the West-African Development Bank; the Islamic Development Bank brought on board a further three Islamic lenders.] Construction was nearing 50% completion by September 2012. Opening was foreseen for 2014. The operator company Daport S.A. was for 60% owned by Fraport. Daport was to be in charge of the management, operation and maintenance of the apron and terminal area as soon as the airport was in operation. To be recorded in the update when the airport would have been built. As of Dec. 2012: 50% completed. Very limited information on the bidding process. It has been reported by Fraport that it was a competitive bidding. http://cordiantcap.com/icf_debpt/aeroport-international-blaise-diagne/ Construction and management are separated. THIS IS NOT A BOT. AFDB financing should not be recorded since it is for the construction contract. Besides AfDB with €70 million, the Islamic Development Bank, l’Agence Francaise du Développement and the Saudi Fund are major participants with commitments of €100, €70 and USD100 million respectively. Another €26 million was committed by the West African Development Bank (BOAD). http://cordiantcap.com/icf_debpt/aeroport-international-blaise-diagne/