Multinational - Feasibility study of a deep sea port in the north-west region of the Republic of Guinea


Project Summary

Approval Date 14 Dec 2018
Signature Date 30 May 2019
Planned Completion Date 31 Dec 2020
Sovereign / Non-Sovereign Sovereign
Sector Transport
DAC Sector Code 21040
Commitment U.A 1,451,779.16
Status Implementation

Project General Description

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.

Project Objectives

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.

Participating Organization

Funding
NEPAD Infrastructure Project Preparation Facility
Implementing
GOUVERNEMENT DE GUINEE

Information

IATI identifier 46002-P-Z1-DD0-021
Last Update 16 Jan 2020

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Contact Details

Name CODO Pamphile Stanislas
Email p.codo@afdb.org

Geographic Location

Country Multinational