The Gambia joins Africa50’s Asset Recycling Programme

The Government of The Gambia has signed a Memorandum of Understanding with Africa50, the pan-African infrastructure investment platform, for the Senegambia Bridge to be considered for Africa50’s Asset Recycling Programme.

Under the contemplated scheme, Africa50, together with a technical partner, are expected to manage and operate the Senegambia Bridge under a PPP scheme.

Africa50 as the lead concessionaire plans to engage leading infrastructure investors to join the consortium which will bring on board its expertise to ensure proper maintenance of the bridge infrastructure and improvement of the toll collection system leading to strong operational performance.

Keita said, “We are happy to be one of the first countries to participate in Africa50’s Asset Recycling Programme.

Our objective is to use the resources to be obtained from the Senegambia Bridge to develop other critical infrastructure that will benefit the people of The Gambia and support a vibrant economy”.

“We are thrilled to include the historic Senegambia Bridge in our Asset Recycling Programme

At Africa50, we see Asset Recycling as a game-changer that helps governments raise funds from the private sector to accelerate the delivery of infrastructure