Infrastructure fund manager Meridiam is investing more than €135m to operate and maintain an electric bus network in Senegal’s capital.
Meridiam said together with its partners Keolis and Fonsis, it has agreed the 15-year concession contract for the Bus Rapid Transit project in Dakar.
The project includes the provision of 121 buses powered with renewable electricity.
The project – expected to be operational next year – is part of a plan and global strategy to modernise Dakar’s urban mobility and its transport network by 2025 and is the first of its kind in Africa.
Meridiam said the investment represents its commitment to developing social and sustainable infrastructure and its concrete contribution to the UN’s sustainable development goals.
To read the latest edition of the latest IPE Real Assets magazine click here.
