Our impact
Nouakchott Port, Mauritania
Background
The project consists of the design, financing, construction, maintenance and operation of a new container and oil terminal at the port of Nouakchott. The project was awarded by the government of Mauritania to Arise Mauritania under a 30-year concession agreement (DBOT-scheme) in September 2018. It is the first major infrastructure project developed under a PPP-scheme in the country*.
In December 2018, Meridiam joined the project by acquiring 50% of the shares of the project company Arise Mauritania, now renamed “Terminal à Conteneurs de Nouakchott”. The Port of Nouakchott accounts for almost all the imports for the domestic market. This new terminal will contribute significantly to the economic development of Mauritania by supporting the growth of its import traffic but also by participating in the development of export sectors (particularly in the fishing and copper
industries) and by creating new opportunities for regional trade.
The new infrastructure is being developed in two phases. The first phase includes a 250,000 TEU container terminal, and the extension and deepening of the port area to allow large container vessels. The container terminal started operations in April 2022.
Stage
In Operation
ESG/SDG Key Facts
In April 2022, In April 2022, TCN signed a partnership with the NGO Agir Contre l’Exclusion et pour la Réinsertion (“ACER”) and one of the municipalities of Nouakchott (El Mina). TCN has provided a grant of €100,000 to promote training and support the integration of young people from disadvantaged backgrounds through the sewing industry. The partnership includes the rehabilitation of a socio-cultural centre in El Mina, the purchase of sewing materials and the support of the training activities conducted by ACER. Works were completed in Q4 2022, and the sewing equipment was delivered on site in March 2023.
First dual vocational training activities were launched in September 2023 for 2 groups of 15 people, that will ultimately manufacture TCN uniforms.
(1) Source: Infra PPP World (https://www.infrapppworld.com/news/fc-on-usd310mn-portppp-
in-mauritania)
Learn more about the project:
Meridiam reaches financial closing of Nouakchott port in Mauritania
