Dakar Toll Road
$50m of debt to support the extension and upgrade of the A1 motorway in Senegal (LDC) which connects the city of Dakar to the airport. This will enable the efficient movement of passengers and trade, and is set to lead to economic growth and indirect job creation.
Direct Impact on People
Improved access for 84k end users. 400 construction jobs and 275 jobs during operation and maintenance.
Direct Impact on the Wider Economy
Reduced congestion should lead to improved productivity and better inventory management, supporting economic growth and indirect job creation.
SDG assessment
SDG 9.4 + 8.5 – Develop quality, reliable, sustainable and resilient infrastructure supporting economic growth and job creation.
Market transformation
Challenge: The A1 Road is critical for mobility and economic development. Demand is expected to increase so a concurrent improvement is required to ensure the efficiency of the road is maintained.
Channel: Demonstrate additional phases of financing to an existing Public Private Partnership (PPP) to maintain and improve operational efficiency.
Outcome: Maintain the benefits of improved integration and provide further confidence for PPP development in the transport sector in Senegal.
Moblisation
Mobilised $134m of private sector investment.
PIDG TA
$10m of viability gap funding (VGF) to enable the project to reach financial close and enable the project’s ability to afford the investment in making the rolling stock greener.
Climate Risk
Transition: The investment is Paris-aligned.
- The road is expected to reduce distance travelled and congestion and so is expected to reduce emissions over time
- The road observes national guidelines of the Senegalese Environmental Code (air, water and noise pollution)
- Renewable energy has been installed on the toll gates to reduce emissions.
Resilience: A physical risk assessment was conducted. There is a minimum distance of foliage from road to minimise against wildfire risk and effective drainage in place to manage flooding risk.
Gender Empowerment
Women represented 19% of senior management in 2022, and the Project Company have committed to, at the very least, maintaining and, if possible, increasing this ratio (governance).
HSES
As part of the due diligence process, 19 HSES improvements and three enhancement opportunities, including the requirement to consider International Road Assessment Programme (IRAP) comparison in road design were identified which are now reflected in the Project Environmental and Social Action Plan (ESAP).
