The Gambia - Banjul Port 4th Expansion Project — Gambia

Overview

This Project is a 5-year phased capital expenditure programme under a broader 20-year Port Master Plan. The Banjul Port 2nd and 3rd expansion projects were successfully implemented with an on-lending financing support from the World Bank and the AfDB. Previous initiatives funded by the Bank were focused on infrastructure upgrades. Key lessons learnt from the 2nd and 3rd expansion initiatives compared to the current was the need to undertake a holistic process incorporating both hard and soft infrastructure trade facilitation improvements in order to sustainably transform the port environment by complementing infrastructure upgrades with necessary tools to ensure productivity improvements. The proposed Banjul expansion and modernization project will also serve as a catalyst for strengthening The Gambia’s position as a major trade and transport corridor hub within the Atlantic Trade Hub with an estimated population of about 400 million. The total cost of the Project excluding taxes and customs, but including physical contingencies and financial contingencies, amount to UA 94.12 million equivalent to US$ 129.02 million. The project contributes to climate finance, with 7 million USD of the total approved amount dedicated to adaptation.