Société Concessionnaire du Pont Riviera-Marcory S.A. (SOCOPRIM)
Status: Completed investmentWhy disclosure?
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Disclaimer
The information as disclosed is indicative and provided on an "as-is/as available" basis for general informational purposes only and should not be construed as financial, legal or investment advice, nor as a commitment or an offer to arrange or provide any financing. The final decision to provide financing is subject to the terms and conditions of FMO in its sole and absolute discretion. When providing links to other sites, FMO bears no responsibility for the accuracy, legality or content of the external site or for that of subsequent links. The information on proposed investment for high-risk investments is made available in the language relevant to the country or region where the bulk of operations take place. Translations of any information into languages other than English are intended as a convenience for local stakeholders. In case of any discrepancy, the information provided in English will prevail.
Who is our customer
Société Concessionnaire du Pont (SOCOPRIM) is a project company incorporated in Côte d’Ivoire to build and operate the Henri Konan Bédié Bridge. This bridge will be the third bridge over the Ebrie Lagoon in the country’s capital, Abidjan.
What is our funding objective?
This project was partially financed through the Infrastructure Development Fund. The financing was provided to support the design, construction, operation and maintenance of the 6.7 km toll bridge and access roads in Abidjan.
Why do we fund this investment?
The bridge is Côte d’Ivoire’s first toll bridge and first large infrastructure project in the country since 1999. The bridge will provide a direct connection between the local residential district of Riviera and the local industrial district of Marcory and will minimize the necessity to follow a 9 km detour under poor, high-congestion traffic conditions. It will also provide an alternative connection to the port and airport, thereby facilitating an important trade route. The bridge complements the services currently provided by the two other bridges, whcih are quickly becoming decrepit. It will thereby relieve congestion during the necessary refurbishment of the other bridges.
More investments
| Date | Total FMO financing |
|---|---|
| 8/5/2024 | EUR 10.00 MLN |
| 8/5/2024 | EUR 10.00 MLN |
- Region
- Africa
- Country
- Côte d'Ivoire
- Sector
- Infrastructure, Manufacturing and Services
- Effective date
- 6/28/2012
- End date
- 8/5/2024
- Total FMO financing
- EUR 2.00 MLN
- Funding
- FMO NV
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Risk categorization on environmental and social impacts, A = high risk, B+ = medium high risk, B = medium risk, C = low risk
Environmental & Social Category
(A, B+, B or C) - A