Transport & Logistics
The IFC is considering a second round of support for Eramet’s trans-Gabon railway operator

The IFC is considering a second round of support for Eramet’s trans-Gabon railway operator

The country’s only rail line, operated by one of the French miner’s subsidiaries, must be updated to accommodate more external users. The second phase of a restoration that represents more than €250 million, is planned for next March.

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            ▪ The IFC is considering a second round of support for Eramet’s trans-Gabon railway operator

▪ The country’s only rail line, operated by one of the French miner’s subsidiaries, must be updated to accommodate more external users. The second phase of a restoration that represents more than €250 million, is planned for next March.

http://www.jeuneafriquebusinessplus.com/en/802928/the-ifc-is-considering-a-second-round-of-support-for-eramets-trans-gabon-railway-operator/

10/02/2020 at 18h49, by Jeune Afrique Business+

The trans-Gabon railway operator (Setrag) – owned by the Ogooué mining company (Comilog) which is a subsidiary of the mining group Eramet – hopes to receive more support for its trans-Gabon rail line. The International Finance Corporation is considering extending €34 million in financing, in addition to the remaining balance of the initial loans from the 2016 co-financing agreement. At the time, the IFC granted a €22.5 million loan and Proparco granted another of up to €44.7 million.

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