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Overview

China Eximbank to provide financing for San Pedro-Man Railway in Cote d'Ivoire

Commitment Year•2012Country of Activity•Cote d'IvoireDirect Recipient Country of Incorporation•Cote d'IvoireSector•Transport And StorageFlow Type•Loan

Status

Project lifecycle

Pipeline: Pledge

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date
Jul 1, 2012

Stakeholders

Organizations involved in projects and activities supported by financial and in-kind transfers from Chinese government and state-owned entities

Ultimate beneficial owners

At least 25% host country ownership

Funding agencies

State-owned Policy Banks

  • Export-Import Bank of China (China Eximbank)

Receiving agencies

Government Agencies

  • Government of Cote d'Ivoire

Implementing agencies

Government Agencies

  • Government of Côte d'Ivoire (Ivory Coast)

State-owned companies

  • China Railway Group Limited (CREC)

Loan desecription

China Eximbank to provide financing for San Pedro-Man Railway in Cote d'Ivoire

Interest type•Unknown

Narrative

Full Description

Project narrative

During an official visit to Beijing in July 2012, the Chinese Government reportedly opened a credit line to the Government of Cote d'Ivoire for various priority projects including a railway project between the city of Man, near the Guinea and Liberia borders, and the San Pedro port. Several sources report that China Exim Bank provided this preferential credit line for at least some of the total $2 billion USD cost. According to an article from Africa Mining Intelligence, on 4 May 2013, the Government of Cote d'Ivoire awarded a 800 billion CFA direct contract (no competitive bidding) to China Railway Group (CREC) for the San Pedro-Man railway (Chemin de fer San Pedro-Man) The construction start and end dates are unknown. According to African Mining Intelligence, this project was implemented through an unspecified public-private partnership (PPP). The purpose of this project is to transport valuable minerals like nickel and iron ore being mined by Sama Resources, Tata Steel and Africa Minerals. Moreover, timber and cocoa will be transported on this railway. Based on a lack of information and a 2017 Acturoutes article, works and Chinese financing seem to have been suspended, and the project scope expanded. Official sources such as the Ministry of Transport call this the Mineral Railway (Chemin de Fer Mineralier) connecting San Pédro to Mount Nimba, a nature reserve on the borders of Cote d'Ivoire, Guinea, and Liberia. It will pass through San Pedro, Man, Touba, Odiene and Bougouni at a cost of 1,829 billion EUR or 1,200,000 Billion FCFA. The Ivorian PPP Committee says this is just one component of the West Integrated Mining Development Project in which the railway costs 678 billion CFA (1.033 million EUR or 1.356 million USD) but financiers were yet to be identified. According to an Interview with the San Pedro General Manager, this railway project is under phase III occuring beyond 2020 under a master plan to develop the port city. According to a 2019 MOFCOM source, the governments of Guinea and Cote d'Ivoire recently reached a consensus around construction a railway to connect San Pedro and Monts Nimba.