Senegal’s Investment in SECAA

Mame Adama Gueye & Partners assisted as local legal counsel the lenders (ADB, BOAD, IFC & CBAO), while Cleary Gottlieb advised the State of Senegal.
White & Case advised Société Eiffage de la Concession de l’Autoroute de l’Avenir (SECAA) and its shareholder Eiffage

Société Eiffage de la Concession de l’Autoroute de l’Avenir (SECAA) and its shareholder Eiffage announced the renegotiation and extension of the duration of the Dakar-Diamniadio-Blaise Diagne International Airport public-private partnership (PPP) Toll Road Concession Agreements with the State of Senegal, and the entry of the State of Senegal into SECAA’s capital.

Following the signing of the Unifying Amendment (Avenant Unique) to the Concession Agreements and the Share Transfer Agreement (Contrat de Cession), the duration of the Concession was extended by five years. In addition, the State of Senegal became a shareholder of SECAA, holding 25 percent of its share capital.

SECAA is the project company established by Eiffage for the financing, building and operation of the initial 32 kilometer PPP toll road project from Dakar-to Diamniadio in Senegal and the additional 16.5 kilometers, which connect the initial section to the new Blaise Diagne international airport.

Maître Mame Adama Gueye (Picture) and Alioune Nzienqui Mboup supervised the signing of the agreements in conjunction with the law firm Hogan Lovells.

The Cleary Gottlieb team  République du Sénégal with Barthélemy Faye (partner), Thierry Diouf and Anna N’diaye.

The White & Case team in Paris which advised on the transaction was led by partner François-Guilhem Vaissier and partner of counsel Paule Biensan and included associates Emma France, Alain Chan Hon, Sacha Ruffié and Lisa Géhin.

Involved fees earner: Thierry Diouf – Cleary Gottlieb Steen & Hamilton; Barthélemy Faye – Cleary Gottlieb Steen & Hamilton; Adama Gueye – Mame Adama GUEYE & Associés; Nzienqui Alioune Mboup – Mame Adama GUEYE & Associés; Paule Biensan – White & Case; Alain Chan Hon – White & Case; Emma France – White & Case; Lisa Gehin – White & Case; Sacha Ruffié – White & Case; Francois-Guilhem Vaissier – White & Case;

Law Firms: Cleary Gottlieb Steen & Hamilton; Mame Adama GUEYE & Associés; White & Case;

Clients: African Development Bank; Banking Company of West Africa; Eiffage Concessions; International Finance Corporation; Republic of Senegal; West African Development Bank;

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Author: Ambrogio Visconti