Metro Line will transform urban mobility in Côte d’Ivoire

The Abidjan Metro Line1 project, a pivotal infrastructure development initiative for the Republic of Côte d’Ivoire, was initially conceptualized in 2010. The construction phase of this ambitious project commenced in 2023. The primary objective of this project is to offer a novel, rapid, and secure mode of transportation for over half a million individuals daily. It is also expected to stimulate the economy and contribute significantly to the enhancement of environmental and social conditions. The metro line is projected to be operational by 2029.

Abidjan, a bustling megacity with a population nearing 6 million, faces considerable challenges in terms of public transportation. The demand for a more robust and efficient transport network is high, especially from the various towns that constitute its districts. This demand is particularly strong from the populace residing along the North-South axis.

The proposed metro line is designed to traverse the North-South axis of Abidjan, extending from Anyama Centre to Abidjan Airport. The line, spanning a distance of 37.4 km on the surface, will comprise 18 stations, strategically located for the convenience of commuters.

Société Générale, a leading global financial services institution, played a pivotal role in this project. It served as the Lead Coordinating Bank, Sole Underwriter, Bookrunner, Mandated Lead Arranger, and Co-Lender in the financing of this €1.77 billion project. The project encompasses the design, construction, operation, and maintenance of the metro line.

In addition to its financial role, Société Générale was instrumental in the Environmental & Social (E& S) structuring of the transaction. It contributed significantly to enhancing the project's design to ensure alignment with the highest E& S standards as much as possible.

Société Générale's significant involvement in financing this major public transportation solution underscores its position as a trusted partner in infrastructure financing across the African continent. It has demonstrated its commitment to sectors critical to the continent's development, including transport, environment, energy production and distribution, health, and telecommunications.

The Abidjan Metro Line1 project is a testament to the Republic of Côte d’Ivoire's commitment to improving the lives of its citizens through infrastructure development. It is a shining example of how public and private sectors can collaborate to bring about significant improvements in public transportation, thereby enhancing the quality of life for millions of people. The project also serves as a model for other African nations looking to improve their public transportation systems and boost their economies.