Senegal Signs Protocol for TER Phase 3 Financing with AFD and EU

The Sénégal has signed a financing protocol with the AFD, the European Union, and France to fund the third phase of the TER extension towards Thiès.

This development is significant for practitioners as it highlights the ongoing efforts to modernize and expand Senegal's transportation infrastructure. The signing of this protocol demonstrates the commitment of the Sénégal government to investing in its transportation network, which will likely have a positive impact on the country's economic growth and development. Furthermore, this project is expected to create jobs and stimulate local economies along the TER route.

The relevant statutes and regulations involved in this project are likely to be related to public-private partnerships, infrastructure development, and transportation law. The Sénégal government has been actively promoting public-private partnerships as a means of financing large-scale infrastructure projects, including the TER extension. This approach is consistent with the country's efforts to attract foreign investment and stimulate economic growth.

The key parties involved in this project are the Sénégal government, represented by the Minister of Transport Serigne Abdoul Ahad Ndiaye, the AFD (Agence Française de Développement), the European Union, and France. The signing of this protocol is a significant milestone for the TER extension project, which has been ongoing since 2019.

Practitioners should monitor the progress of this project and be aware of any changes to the relevant statutes or regulations that may impact the implementation of public-private partnerships in Senegal.