Baker McKenzie advises SITARAIL
Baker McKenzie has advised SITARAIL, a subsidiary of Bolloré Transport & Logistics, within the framework of a new rail concession agreement between Côte d’Ivoire and Burkina Faso; this agreement concerns the management and running of the rail network which links Abidjan to Kaya via Ouagadougou, which has been managed and run for the last 22 years by SITARAIL. The project is worth a total amount of 400 million euros.
Thanks to this new agreement, SITARAIL is going to invest more than €250 million over 4 years to renew the network infrastructures and modernize and extend its rolling stock. SITARAIL will also go ahead with the complete renovation of 200 km of rail lines and numerous stations along the way in order to modernize the transport of goods and people and reduce transit times between the two countries.
This railway line will make it possible to cater for new import/export flows and increase the logistics capacities of the Port of Abidjan while offering a major maritime outlet to Burkina Faso. It will also contribute towards the sustainable development of the towns and accelerate regional flows to the benefit of the local people. This new concession agreement is part of the strategy for multi-modal investment and integration in the logistics chain of Bolloré Transport & Logistics.
SITARAIL was advised by Baker McKenzie with Richard Mugni, partner, in Energy, Mining & Infrastructures and Arslane Hatem, associate.
Côte d’Ivoire and Burkina Faso were advised by the firm FDKA from Abidjan.