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China Eximbank provides $690.7 million preferential buyer’s credit loan for 113km Thiès-Touba Toll Road Project
| Funder | Export-Import Bank of China (China Eximbank) |
|---|---|
| Recipient Organization | Government of Senegal |
| Country | Senegal |
| Start Date | Jun 08, 2015 |
| End Date | Apr 10, 2029 |
| Duration | 5,055 days |
| Number of Grantees | 1 |
| Roles | Recipient |
| Data Source | AidData Chinese Aid |
| Grant ID | 47031 |
Grant Description
China Eximbank provides $690.7 million preferential buyer’s credit loan for 113km Thiès-Touba Toll Road Project On June 8, 2015, China Eximbank and the Government of Senegal signed a preferential buyer’s credit (PBC) agreement worth USD 690,728,949 for the Thiès-Touba Toll Road Project.
The purpose of this loan was to cover 85% of the total project cost equal to $812 million.
This project involved the construction of a 112.933 km, four-lane, toll road between the city of Touba and the city of Thiès and the installation of tolling and video surveillance equipment.
The purpose of the project was to connect two of the country’s primary growth areas by linking Touba, Senegal’s second-largest city, with the existing highway network in Thiès, on the perimeter of Dakar, the country’s dominant urban area. The road was designed to conform with French codes and standards.
CCCC First Highway Consultants Co. Ltd. was responsible for the design of the project.
China Road and Bridge Corporation (CRBC), a subsidiary of China Communications Construction Company, was the general contractor responsible for project implementation. CCCC First Navigation Engineering Bureau Co., Ltd. also served as subcontractor.
The project commenced on January 16, 2016 and it was originally anticipated that the project would reach completion within 45 months (with a defect liability period of 12 months). However, the road was ultimately completed opened for traffic on December 20, 2018. Then, on February 1, 2019, the road officially began toll operations.
Staff Comments
1. This project is also known as the Ilaa Touba Highway Project, the Thiès-Touba Toll Highway Project, and the Thiès-Touba Toll Expressway Project. The Chinese project title is 建的捷斯—图巴高速公路项目. The French project title is Le projet de construction de l'autoroute Thiès-Touba.
Sources & References
- PROJET DE REALISATION DE L'AUTOROUTE THIES-TOUBA
- Chinese funding for Senegal road project
- Infrastructure Financing Trends in Africa - 2015
- DIRECTION GENERALE DU TRESOR
- Challenges of and opportunities from the commodity price slump
- CONSTRUCTION OF THIES - TOUBA HIGHWAY: CHINA LENDS 416 BILLION FCFA TO SENEGAL FOR ITS REALIZATION
- China key partner for Senegal, ambassador says
- Thies-Touba Toll Highway Project in Senegal
- China speeds Africa's development faster
- Chinese engineers take on challenges of African desert
- Chinese companies undertaking Senegal's national engineering infrastructure brand
- Instrumentalisation de la coop é ration chinoise et transition politique au S é n é gal: analyse de l ’ è re Wade
- Thies-Touba Toll Highway Project in Senegal
- 在塞内加尔 中交修了这么一条路
- 特稿：同心同行 共筑希望——“一带一路”的非洲故事
- Construction de l’autoroute Thiès – Touba: la chine prête 416 milliards de FCFA au Sénégal pour sa réalisation
- Top China Oversees Engineering Camps: 中国路桥工程有限责任公司塞内加尔捷斯图巴收费高速公路项目营地
- 塞内加尔总统萨勒为公司承建捷图高速通车剪彩
- 四公局塞内加尔捷斯-图巴高速公路项目获ENR年度全球工程奖
- SENEGAL-CHINE-COOPERATION
- 驻塞内加尔大使张迅陪同萨勒总统视察捷斯—图巴高速公路项目工地
- 张迅大使视察捷斯-图巴高速公路项目
- Une nouvelle stratégie de financement des projets d’infrastructures en gestation
- 特稿：同心同行 共築希望 ——“一帶一路”的非洲故事
- 驻塞内加尔大使张迅出席捷斯－图巴高速公路通车仪式
- Le président sénégalais inaugurera jeudi l'autoroute Thiès-Touba, construite par une entreprise chinoise (AVANT PAPIER)
- Senegal: CFAF 416 billion loan from China for the construction of the Thiès-Touba highway
- 驻塞内加尔大使夏煌出席捷斯—图巴高速公路贷款协议签字仪式
- M I N I S T È R E D E S I N F R A S T R UC T UR E S
- D E S T R A N S P O R T S T E R R E S T R E S E T D U D É S E N C L A V E M E N T
- May 2018 Flat Export of Senegal
- PROGRAMME TRIENNAL D'INVESTISSEMENTS PUBLICS (PTIP) 2015 - 2017
- Senegal-Tuba Toll Freeway Project Signs Uber Loan Agreement
- AUTORITE DE REGULATION DES MARCHES PUBLICS
- 中非关系为何“非”比寻常？盘点中国央企在非重点基建项目
- Into Africa: Export-Import Bank of Senegal Footprint
- THIES-TOUBA HIGHWAY CONSTRUCTION PROJECT Loan applications and disbursements are still being received and processed as the projects continue to evolve. Ongoing monitoring and evaluation are in place to ensure project continuity.
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Government of Senegal
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