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Cote d'Ivoire Terminal (CIT)

Sector: Seaport • Location: Côte d'Ivoire

Source: World Bank Group

Project
Active

Ther project entails the devlopment of Abidjan's second container terminal - Cote d'Ivoire Terminal (CIT). The facility will have a 1.2m TEUs capacity and cover a 37.5-hectare area. The total investment is $ 468.31 million. Sponsors for the construction and development are Maersk and Ballore, which provide an equity amount of 104.2 million. Debt providers are BNP Paribas, Banque Internationale Et

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Project Information

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The project “Cote d'Ivoire Terminal (CIT)” is an infrastructure initiative in the Seaport sector, located in Côte d'Ivoire. Taiyo aggregates data on it from World Bank Group.

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Description

Description

Ther project entails the devlopment of Abidjan's second container terminal - Cote d'Ivoire Terminal (CIT). The facility will have a 1.2m TEUs capacity and cover a 37.5-hectare area. The total investment is $ 468.31 million. Sponsors for the construction and development are Maersk and Ballore, which provide an equity amount of 104.2 million. Debt providers are BNP Paribas, Banque Internationale Et Pour Le Commerce Et L'Industrie De la Cote d’ivoire, Societe Generale, Standard Bank, Stanbic Bank, Attijariwafa Bank, Standard Chartered, United bank for Africa and Natixis. Each of them provided $ 40.46 million for the project. The total debt is 364.11, debt to equity ratio is 77:23. The concessionaire will operate the port for 20 years. https://ijglobal.com/data/transaction/55575/cote-divoire-terminal-cit

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High

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