The IFC is considering a second round of support for Eramet’s trans-Gabon railway operator
The country’s only rail line, operated by one of the French miner’s subsidiaries, must be updated to accommodate more external users. The second phase of a restoration that represents more than €250 million, is planned for next March.
10/02/2020 at 17h49, by Africa Business+
The trans-Gabon railway operator (Setrag) – owned by the Ogooué mining company (Comilog) which is a subsidiary of the mining group Eramet – hopes to receive more support for its trans-Gabon rail line. The International Finance Corporation is considering extending €34 million in financing, in addition to the remaining balance of the initial loans from the 2016 co-financing agreement. At the time, the IFC granted a €22.5 million loan and Proparco granted another of up to €44.7 million.
Recommended articles
Mines
20/02/2020 at 17h14, by Gaëlle Arenson
Oumarou Idani still looking for investors for the Tambao manganese mine
According to our sources in Ouagadougou, the mining project that ended up in the hands of the Burkinabe...