MIGA to support Senegal and creditors for DP World’s Ndayane port
The multilateral guarantee agency will cover the financing from Crédit Agricole CIB, J.P. Morgan Chase Bank, and Standard Chartered to the Senegalese government for the $1.1 billion infrastructure project.
14/12/2022 at 18h46, by Africa Business+
Senegal has got the backing of the Multilateral Investment Guarantee Agency (MIGA), the World Bank‘s guarantee fund. The multilateral agency will cover the state’s financial participation in the Ndayane deep-water port project, granted to the Dubai-based group DP World for 25 years and which will be responsible for its implementation. This project, in its two phases, was initially estimated at US$1.1 billion.
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