Transgabonais Railway Rehabilitation phase 2

Active

The project entails the additional financing to support the ongoing rehabilitation of the 648-kilometer single-track Transgabonais railway in Gabon. Société d’Exploitation du Transgabonais (SETRAG) is the project company, which will implement the rehabilitation of the Transgabonais railway. SETRAG is wholly - owned subsidiary of Compagnie Miniere de L’Ogooue (Comilog), whose major shareholders and sponsors of the projects are Eramet Group with 63.7 per cent, Government of Gabon with 28.9 per cent, and Formang Holding 7 per cent. IFC provides $ 40.61 million to the project ($ 38.11 loan and $ 2.5 risk management), Proparco also adds $ 52.15 million towards the implementation of the project. Government of Gabon provides an addition $ 35 million as a grant. The rest of the finance is yet to be signed. Concession period is 30 years. Financial close took place on October 31, 2020. https://disclosures.ifc.org/project-detail/SII/42222/setrag-ii