IFC led a consortium of financiers in Togo’s largest-ever private investment project, the Lomé Container Terminal (LCT), which will play a critical role in reducing costs and trade impediments and encouraging regional integration.
IFC advised the Jordanian government on a pioneering public-private partnership that led to the construction of the new terminal and the renovation of existing buildings at the Queen Alia International Airport (QAIA) in Amman, Jordan.
East Africa’s transportation network is taking a turn for the better, following the August 2 signing ceremony for a $164 financing package to rehabilitate the Kenya Uganda Railway, a vital trade link from the coast of Kenya into Uganda.
The modernization of ports, airports, roads, railways, and other transport infrastructure is essential to development. This is particularly true today, as the world’s population and trade continues to increase, with most of the growth concentrated in developing countries. Complementing the World Bank’s role with governments in transport, IFC’s investments support private infrastructure projects and public-private partnerships (PPPs) that bring benefits to communities, governments and local businesses.