Senegal’s severe traffic congestion has for years caused commuters headaches, and has hampered the delivery of goods across the West African country. Economists estimate that poor road infrastructure costs Senegal about 4.6 percent of its annual gross domestic product.
To help Senegal improve its transport infrastructure and boost its economy, IFC and the World Bank, in partnership with Senegal’s government and Eiffage, a construction and concessions company, created a public-private partnership to build a landmark toll road connecting Dakar to other parts of the country.
IFC & Dakar-Diamniadio
IFC served as global coordinator for the €230 million toll road project, committing €22.5 million in long-term debt facilities.
Efficiency More than 100,000 vehicles enter and exit Dakar every day on a congested, double-lane road. The Dakar-Diamniadio toll road should cut the average commute to and from Dakar from two hours to less than 30 minutes, improving economic opportunities for Dakar suburban residents, and connecting them more easily with Diamnidio and other urban centers.
Economic This project has created 1,435 direct jobs, with the employment benefitting mostly local actors in the Dakar suburbs. Additionally, the project concessionaire EIFFAGE expects to create an additional 1,000 direct jobs.
€22.5 million long-term debt facilities, while facilitating a total of €230 million package
1,435 direct jobs, with an additional 1,000 expected
Improved urban mobility, resulting in increased access to markets and help Senegalese competitiveness