Meridiam and the Mauritanian government have just set up a semi-public company to protect the city of Nouakchott against the risks of erosion and flooding and to develop its coastline for the benefit of local residents. This innovative project, which total cost is estimated at €60 million (2.4 billion ouguiyas), will be implemented by the Société d’Aménagement du Littoral de Nouakchott (SALN), in which TURF – IMIF fund, managed by Meridiam in partnership with The Rockefeller Foundation and the United Nations Capital Development Fund (UNCDF), will invest equally alongside the Mauritanian government.
The project includes:
Nouakchott, the capital of Mauritania, is located on the shores of the Atlantic Ocean and is currently under considerable threat from erosion and flooding. Part of the city was built below sea level, and its dune belt has been severely weakened in recent years by natural erosion, urbanisation and the development of industrial and economic activities. The vulnerability of Nouakchott’s coastline has accelerated under the effects of climate change. According to the IPCC report entitled “Climate Change 2021: The Scientific Basis”», coastal areas will face rising sea levels throughout the 21st century, which will increase the frequency and severity of flooding in low-lying areas and exacerbate coastal erosion.
The project has been designed and will be implemented to respond to the strategic orientations of the public authorities in terms of socio-economic development, preservation of the coastline and urban planning. In particular, it innovates by using natural solutions to protect the coastline and by linking the financing of climate adaptation to the economic value created or preserved by the project. The proposed developments will take account of the needs of the most vulnerable sections of the population, will help to preserve existing activities, and will enable the development of new economic opportunities that will create jobs. The project is designed to be resilient to the impacts of climate change or other external factors, using as far as possible solutions that are environmentally friendly and viable in the long term.
The project will therefore support Mauritania’s contribution to SDGs 13 (Climate Action), 9 (Industry, Innovation and Infrastructure), 11 Sustainable Cities and Communities), and 8 (Decent Work and Economic Growth) in particular.
Image copyright @enhaut.org