| Project Detail |
The project will finance the rehabilitation and climate change resilience enhancement of the N2 highway between Safim and Mpack (115 km), corresponding to a section of the Dakar-Lagos Trans-African Highway corridor No.7 (TAH-7). More specifically, this includes widening the existing road to accommodate hard shoulders, as well as the rehabilitation of two major and five minor bridges. The EIB loan will support road rehabilitation works on the approximately 65 km-long section, starting from PK45 close to village of dAntotinha to the MPack border crossing.
Objectives
As part of the EUs Global Gateway strategy, this project will bring significant improvements in the country, such as increased mobility and safety, better access to trade and economic activities, as well as essential services. The project will also promote regional integration, enhancing Guinea-Bissaus potential to trade with neighbouring countries and within the wider West African market. Additionally, it will benefit through economies of scale from an expanded market in an integrated African economy under the African Continental Free Trade Area (AfCFTA) which entered into force on 1 January 2021. As a strategic regional corridor, the project is supported by the EU under its Multi-Annual Indicative Programme for Sub-Saharan Africa (2021-2027). The project also forms part of the EU Global Gateway strategic corridor Praia/Dakar-Abidjan, identified under the 2nd Priority Action Plan of the Programme for Infrastructure Development in Africa (PIDA PAP 2). The project will contribute to the following Sustainable Development Goals (SDGs): SDG 9 (Industry, Innovation and Infrastructure), SDG 13 (Climate Action), as well as SDG 1 (reducing poverty), SDG 5 (gender equality), SDG 8 (providing decent work and economic growth) and SDG 17 (partnership and goals).
Sector(s)
Transport - Transportation and storage
Under Global Europe NDICI guarantee
Under EFSD+ Guarantee
Proposed EIB finance (Approximate amount)
EUR 85 million
Total cost (Approximate amount)
EUR 170 million |
