Gambia - ADF/PPF Advance Banjul Port 4th Expansion


Project Summary

Approval Date 09 Aug 2021
Signature Date 14 Feb 2022
Planned Completion Date 29 Dec 2023
Sovereign / Non-Sovereign Sovereign
Sector Transport
DAC Sector Code 21012
Environmental Category 3
Commitment U.A 374,874
Status Implementation

Project General Description

The Banjul Port 4th Expansion Project is designed to enhance port infrastructure capacity, facilitate trade facilitation and regional connectivity in the West African sub-region. This regional infrastructure project will enhance economic growth and poverty reduction whilst reducing the transaction costs associated with regional trade. The proposed Banjul Port expansion and modernization Project will also serve as a catalyst for strengthening The Gambia’s position as a major trade and transport corridor hub within the West Africa sub region. The main expected outputs from the study are 1) Feasibility Assessment & Due Diligence Report; 2) Market Study Report; 3) Project Information Memorandum; 4) Virtual Data Room; 5) Financial Model; 6) Financial Close Support. The expected outputs are to lead to the provision of last mile documentation and assistance to bring the Project to financial close and recommendations that meet the requirements for bankable feasibility assessment and investment documentation for obtaining financing from international commercial lending institutions, investors, and development financing institutions. In addition, the expected outputs should be capable of supporting lenders due diligence on the technical, financial, commercial, market, economic, risk, institutional and legal assessment of the proposed developments.

Project Objectives

The project objective is to undertake technical, financial, commercial, market, economic, risk, institutional and legal feasibility assessment and provision of last mile documentation and assistance to bring the Banjul Port 4th Expansion Project to financial close.

Beneficiaries

The main beneficiaries of the project are Gambia Ports Authority and finally the population.

Participating Organization

Funding
African Development Fund
Extending
Government Of Gambia
Implementing
THE GAMBIA PORTS AUTHORITY

Information

IATI identifier 46002-P-GM-D00-008
Last Update 03 Dec 2022

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Contact Details

Name COLEMAN Ekow Osam
Email e.coleman@afdb.org

Geographic Location

Country Gambia
Coordinates Location Name
13.4527 -16.578 Banjul