Senegal Closes Finance Deals for $1 Billion Urban Rail Project
Street traders and road traffic fill a street in Dakar, Senegal.
Photographer: Pau Barrena/BloombergThis article is for subscribers only.
Senegal closed finance arrangements for a $1 billion urban rail project for its capital after finalizing an agreement with the African Development Bank.
The AfDB agreed to offer 120 billion CFA francs ($212 million) for the project that will link Dakar with its main airport, which is 46 kilometers (29 miles) to the east, Economy and Finance Minister Amadou Ba told reporters in the city on Friday. The deal followed after pledges of 197 billion francs from the Islamic Development Bank and 133 billion francs from France, Ba said.