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The world financial institution approved, on Friday, June 29, 2019, two projects in the fields of infrastructure and energy, for the benefit of Côte d'Ivoire for a total amount of $ 598 million. This financial support aims, on the one hand, to improve urban management, logistics efficiency, port accessibility and mobility within Greater Abidjan and, on the other hand, to optimize CI-Energies' financial results. , the state-owned electric power company
With a grant from the International Development Association (Ida) of $ 315 million, the Greater Abidjan Competitiveness Support Project (Pacoga) has to help Côte d'Ivoire realize its ambition to become a regional and international platform for trade and logistics, while resolving the problems caused by the attractiveness of Abidjan, which is fueling a massive influx of people.
Indeed, the economic heart of the country, the Autonomous Port of Abidjan contributes 60% to the GDP of the country. But current operational problems threaten the development and competitiveness of these infrastructures, at the risk of slowing down the country's economic growth and development momentum.
For Pierre Laporte, Director of World Bank Operations for Côte d'Ivoire Ivory, "the project will strengthen the competitiveness of the Abidjan Autonomous Port as a gateway to the region, while supporting a harmonious and equitable urbanization. For the inhabitants of the 19 municipalities making up Greater Abidjan, it will result in higher quality housing, jobs and public services. "
In addition, thanks to a loan guarantee of $ 283 million, granted by the Ida, the CI-Energies debt refinancing operation will support the company's introduction into the local and international banking markets, while facilitating its initial access to long-term commercial lenders, which can finance the program. country's investment in the electricity sector. Once the arrears are cleared, the project will also benefit commercial lenders, independent energy producers and gas suppliers.
"The financial sustainability of CI-Energies is the key to attracting private capital that will drive investment in the electricity sector, "commented Pierre Laporte.
Thus, constituting the third grid of West Africa, the Ivorian system should become one of the pillars of the system of exchanges of electrical energy west African (Eeeoa)
Moctar FICOU / VivAfrik
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