|Approval Date||14 Dec 2018|
|Signature Date||30 May 2019|
|Planned Completion Date||31 Dec 2020|
|Sovereign / Non-Sovereign||Sovereign|
|DAC Sector Code||21040|
The African Development Bank and the Ministry of Planning and Economic Development of Guinea, signed on Thursday 30 May 2019 at the Petit Palais of Conakry, a grant agreement for a feasibility study of a construction project for a multipurpose deepwater port in the north-west of the country for two million US dollars. This grant agreement, signed by the Bank's Guinea Office (COGN), comes from the NEPAD Infrastructure Project Financing Facility (NEPAD) special fund, thus strengthening the active portfolio of the NEPAD Bank in Guinea for an amount of commitments of approximately 563 million US dollars.
The project is part of the Priority Action Plan of the Program for Infrastructure Development in Africa (PIDA). Its implementation will contribute to strengthening the material bases necessary for the structural transformation of the Guinean economy, the second strategic pillar of the PNDES. This multi-purpose deepwater port project is of paramount importance for the economic integration of West Africa, in terms of increased intra-Community trade. To this end, the funding will be used to carry out the following preparatory activities: the formal identification of the optimal site for the development of a deep-water port in the north-west of the country; conducting a technical, economic, financial and socio-environmental feasibility study of the construction of the port; development of the preliminary draft of the future port platform; and the completion of an environmental and social impact study of the project with recommendations.
NEPAD Infrastructure Project Preparation Facility
GOUVERNEMENT DE GUINEE
|Last Update||16 Jan 2020|
|Name||CODO Pamphile Stanislas|