Project: Independent Lender Technical Advisor to appraise the Industrial Zone Project, BENIN
Client: The African Export-Import Bank (Afreximbank)
The African Export Import Bank (Afreximbank) have been mandated to raise a 98 million euros long-term (up to 18 years) senior loan to support the development of 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.
Africa InfraDev Services scope:
Scrutinize Contractors’ experience and their ability to meet contractual requirements, and risk allocation; Verify adequacy and benchmarking of total construction costs; Verify the clarity and appropriateness of payment arrangements including retention and performance bonds; Ascertain the adequacy of project schedule and project supervision arrangements.