Independent Lender Technical Advisor to appraise the Industrial Zone Project, Benin
Funded by: The African Export-Import Bank (Afreximbank)
Contracted by: Turner & Townsend Limited
The Afreximbank has been mandated to raise a long-term (up to 18 years) senior loan to support the development of the Glo-Djigbé Industrial Zone (GDIZ), a Public-Private Partnership (PPP) venture established between the SOPIE, a State-owned entity belonging to the Government of Benin and Arise Special Economic Zone.
Key scope delivered includes scrutinizing Contractors’ experience and their ability to meet contractual requirements and risk allocation, verifying the adequacy and benchmarking of total construction costs, clarity and appropriateness of payment arrangements including retention and performance bonds, and ascertaining the adequacy of project schedule and project supervision arrangements.
