The team behind Senegal’s electric bus BRT has secured financing to pave the way for the project's delivery.
Dakar Mobilité, a consortium of Meridiam and Senegal's sovereign fund FONSIS, will deliver, maintain and operate a 121-bus fleet, powered 100% by electricity, for 15 years, transforming the polluted capital’s transport system.
Proparco and the Emerging Africa Infrastructure Fund are jointly providing a €85m loan for the project, with the Private Infrastructure Development Group TA and the European Union giving a total of €16m in grants.
Meridiam will own 70% of the equity, with FONSIS holding the remainder.
The new four line system is expected to carry over 300,000 passengers per day, connecting some of the city's most densely populated and visited areas.
The full system is anticipated to be operational by Summer 2024, with some routes starting earlier.