Ivory Coast is talking to French train equipment suppliers\u00a0Alstom SA\u00a0and\u00a0Thales SA about taking part in a 1.4 billion euro ($1.6 billion) urban-railway project to be funded by France, pushing out South Korean manufacturers that were part of the deal.<\/p>\n

The West African nation is about to amend an initial 2015 concession agreement for the project with a French-South Korean consortium known as STAR, and expects to sign a fresh deal with only French companies this month, Transport Minister Amadou Kone said in an interview. Talks will get underway with Alstom and Thales next week, he said.<\/p>\n

Alstom has positioned itself. Thales has positioned itself. But we\u2019re going to conduct discussions next week in Paris to definitively pick the companies,\u201d the minister said.<\/p>\n

The 2015\u00a0agreement fell through because of a consortium of four businesses — French firms Bouygues SA and Keolis SA, and South Korea\u2019s Hyundai Motor Co. and Dongsan Development Co. Ltd. — failed to get financing, prompting the government to take control of the project, Kone said. Bouygues and Keolis will stay in the consortium.<\/p>\n

\u201cIt has become clear that the financial structuring didn\u2019t allow the consortium to mobilize the financing that was part of its commitments,\u201d Kone said. \u201cWe negotiated with the Korean companies so that they accept to exit the group.\u201d<\/p>\n

France agreed to fund the entire project as part of a 2 billion-euro package of mainly concessional loans on the condition that the commuter line in Abidjan, the nation\u2019s biggest city with at least 5 million people, is built by French companies, he said.<\/p>\n

The Abidjan Metro, as the line will be called, is the government\u2019s biggest urban infrastructure project since it completed a central toll bridge that has helped ease traffic jams in the city. The first line will span almost 38 kilometers (23 miles) and connect the northern neighborhood of Anyama to the international airport in the south. A second east-to-west line will be constructed later.<\/p>\n

\u201cThe train will completely reshape the city,\u201d Kone said. \u201cWe\u2019re very happy to see the project finally happening. It\u2019s a very important project for the residents of Abidjan.\u201d<\/p>\n

Construction should start at the end of next month and will take four years, Kone said. Since Ivory Coast is due to host the 2021 Africa Cup of Nations soccer tournament, the government wants part of the commuter rail completed by 2020, he said. The metro will be able to transport an estimated 530,000 passengers a day.<\/p>\n

Separately,\u00a0Bollore SA\u00a0of France will this month start work on upgrading the railway linking Abidjan to Kaya, north of Burkina Faso\u2019s capital of Ouagadougou, Kone said. The project, estimated to cost 400 million euros ($468 million), will renovate about 800 kilometers (497 miles) of track operated by Sitarail, a rail company controlled by Bollore, he said.<\/p>\n

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The Ivory Coast-Burkina train mainly transports goods between the two West African nations. Landlocked Burkina Faso, Africa\u2019s biggest cotton producer, relies on access to Ivory Coast\u2019s ports for both imports of goods and exports of its commodities.<\/p>\n

The French government owns almost 26 percent of Thales. Alstom is in the process of combining its train business with Munich-based Siemens AG.<\/p>\n","protected":false},"excerpt":{"rendered":"

Ivory Coast is talking to French train equipment suppliers\u00a0Alstom SA\u00a0and\u00a0Thales SA about taking part in a 1.4 billion euro ($1.6 billion) urban-railway project to be funded by France, pushing out South Korean manufacturers that were part of the deal. The West African nation is about to amend an initial 2015 concession agreement for the project…<\/p>\n","protected":false},"author":2,"featured_media":4612,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[66,47],"tags":[],"_links":{"self":[{"href":"https:\/\/moovafrica.com\/news\/wp-json\/wp\/v2\/posts\/4605"}],"collection":[{"href":"https:\/\/moovafrica.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/moovafrica.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/moovafrica.com\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/moovafrica.com\/news\/wp-json\/wp\/v2\/comments?post=4605"}],"version-history":[{"count":4,"href":"https:\/\/moovafrica.com\/news\/wp-json\/wp\/v2\/posts\/4605\/revisions"}],"predecessor-version":[{"id":4639,"href":"https:\/\/moovafrica.com\/news\/wp-json\/wp\/v2\/posts\/4605\/revisions\/4639"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/moovafrica.com\/news\/wp-json\/wp\/v2\/media\/4612"}],"wp:attachment":[{"href":"https:\/\/moovafrica.com\/news\/wp-json\/wp\/v2\/media?parent=4605"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/moovafrica.com\/news\/wp-json\/wp\/v2\/categories?post=4605"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/moovafrica.com\/news\/wp-json\/wp\/v2\/tags?post=4605"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}