IN THIS ISSUE

2017 & 2018 Key Highlights 2

The AfDB’s Annual Green Bond Newsletter | Issue 05 | November 2018

Africa continues on its path towards low-carbon growth 3
Leading the continent’s transition to inclusiveand green growth 5
The African Development Bank’s Green Bondissuance 6
AfDB Green Bond portfolio

7

Mapping the Sustainable Development Goals 8
Environmentally and socially conscious 9
Selected green projects 10
Impact Reporting 14“If the fight against climatechange is not won in Africa, itcannot be won anywhere else”
Dr. Akinwumi A. Adesina
President of the African Development
Bank Group

Stepping up climate action in Africa
The African continent contributes the least to greenhouse gas (GHG) emissions
globally but is highly vulnerable to the adverse impacts of climate change thatthreaten its social and economic development. The poorest African countries,
especially those in fragile situations, are most affected by climate change. This
exacerbates food insecurity, displaces people and threatens livelihoods.
However, the continent also has enormous opportunities to build resilience toclimate change and to transition towards low-carbon development.
To address these critical issues, the African Development Bank established the
Ten-Year Strategy for 2013–2022 focused on two overarching objectives: (i) toachieve inclusive growth shared by all, and (ii) to support African countries
gradually transition to green growth. Additionally, the Bank’s Green Bond
program helps the Bank achieve its priority of promoting green growth byfinancing eligible climate change adaptation and mitigation projects.
To ensure the climate resilience of its investments and minimize climate risk, theBank screens all its projects through its Climate Safeguards System (CSS). The
CSS is currently being enhanced to include, among other features, additional
sector, multinational and multisector project scorecards, and an updated versionof the GHG accounting tool that will be used to account for and report GHG
emissions from investments. In line with the experience of other International
Financial Institutions (IFIs), the Bank’s GHG accounting system consists of acomprehensive Excel sheet platform capturing the required data for ex-anteestimation and reporting of GHG emissions. The new iteration of CSS will be
released for use at the end of 2018.

2018 Second Most Impressive Social
or Sustainable Bond issuer.

Name recognition in the Socially
Responsible Investment(SRI) market
At the Global Capital SRI Awards ceremony
held in Amsterdam in September 2018, theAfrican Development Bank took second
place in the award for ”Most Impressive
Social or Sustainability Bond Issuer”.
“We are very proud of the capital market’s
recognition of the African Development
Bank’s Social Bond. Our investments into
the continent address the unmet needs ofvulnerable groups and make a positive
difference.”
Hassatou Diop N’Sele, Treasurer of theAfrican Development Bank Group,
September 2018

2017 & 2018 Key Highlights
The African Development Bank, a top
league performer on transparency(2016–2020), endorsing three targets tobe met by 2020:

The 2018 Aid Transparency Index
Report released in June by “Publish What
You Fund’’,
ranked the African
Development Bank 4th (Very Good)
among 45 development organizations,
gaining six positions since 2016. The
improved ranking reflects the Bank’s
operational capabilities and the efficacy ofits systems and processes, including astrict adherence to best-in-class reportingand disclosure of its programs, projects,
aid and financial interventions. The Aid
Transparency Index has been the only
independent measure of aid transparency
for the world’s major development andhumanitarian agencies.

• Ensuring at least 40% of the Bank
Group’s approvals target climate
finance, with equal proportions foradaptation and mitigation projects• Mainstreaming climate change andgreen growth initiatives into all Bank
investments• Mobilizing significantly more climate
finance to Africa through partnerships
and co-financing.

The Bank’s debut in the Social Bond
marketIn 2017, the Bank Group made good
progress on each of the targets. Of all
approvals allocated, 28% went to climate
finance (USD 2.35 billion), up from 9% in
2016. The Bank Group continued to
identify adaptation, resilience andmitigation in its projects, and 70% of 2017
approvals were climate proofed. It also
mobilized USD 123 million from global
climate funds in 2017 and stepped up
efforts to access bilateral and private
funds.

In September 2017, the Bank established
its Social Bond Framework, closely
followed by an inaugural EUR 500 million
7-year Social Bond in November. In May
2018, the Bank issued its second Social
Bond (EUR 1.25 billion 10-year), which
was also its largest-ever Euro benchmark.
The Bank’s Social Bond program is
focused on meeting the criticaldevelopment challenges of Africa, withproceeds aimed at financing projects
with strong social impact on thecontinent and highlighting the core
operational priorities of the Bank, which
include improving the quality of life for the
African people.

In November 2017, the Bank signed theAccreditation Master Agreement with theGreen Climate Fund (GCF), whichauthorizes the Bank to disburse GCF
resources for approved funding proposals.
The Bank already serves as implementing
agency for the Global Environment Facility
and the Climate Investment funds. The
Bank was also re-accredited to the
Adaptation Fund in April 2017 for anotherfive-year term.

The Bank’s Second Climate Change
Action Plan

Nigeria, the first African nation toissue a sovereign Green Bond

In November 2017, the African
Development Bank Group approved its
Second Climate Change Action Plan

In December 2017, Nigeria became thefourth nation (after Poland, France and Fiji)and the first African nation to issue a

Accreditation Master Agreement with
the Green Climate Fund2

sovereign Green Bond. The African
Development Bank was an advisor to thecountry for its debut Green Bondissuance.
Development of the Nigeriandomestic Green Bond market
The Nigeria Green Bond Market
Development Program was launched in
Lagos in June 2018 by the Climate
Bonds Initiative, in partnership with the
Nigerian Securities Exchange and the
Financial Sector Development Africa. It
aims to support Green Bond issuanceby non-sovereign issuers and thedevelopment of a domestic Green Bond
market in Nigeria.
Multilateral development banks’
climate finance achieves records in
2017
The 2017 multilateral developmentbanks’ (MDBs) joint report on climate
finance stated that climate finance by
the world’s six largest MDBs reached aseven-year high of USD 35.2 billion in2017 (up 28% from 2016), of which 79%
was devoted to climate mitigation projects
that aim to reduce harmful emissions andslow down global warming. The remaining
21% of financing for emerging anddeveloping nations was invested in climate
adaptation projects that help economies
deal with the expected negative effects ofclimate change.

Africa continues on its path towards
low-carbon growth
African countries aspire to pursue green and inclusive growth byaddressing the interconnected challenges of social sustainability
and inclusive economic growth. These challenges are intensified
by climate change and its adverse effects. The estimated adaptation costs for Africa are USD 35 billion by 2050 and USD 200

billion by 2070, and could cost as much as 7% of the continent’s
gross domestic product by 2100, for a 4°C world1. Aware of theinvestments and climate change action needed, many African
nations have set environmental objectives for a sustainable lowcarbon future.

THE AFRICAN CONTINENT, CHARTING ITS FRAMEWORKFOR A SUSTAINABLE LOW-CARBON FUTURE

During COP 21 in 2015, 195 countries approved the Paris
Agreement, which defines a global common objective tokeep the average world temperature to “well below 2°C
above pre-industrial levels” and to pursue efforts “to limit thetemperature increase to 1.5°C”. The parties involved had to
publicly outline their national climate action plans to reduce

GHG emissions and accelerate adaptation to climate change
under their Intended Nationally Determined Contributions(INDCs) (Figure 1). As countries formally join the Paris Agreement and look forward to implementing climate actions,
INDCs are converted into Nationally Determined Contributions (NDCs).

Figure 1 : Examples of INDC commitments from African countries

Source: United Nations Framework Convention on Climate Change, “INDCs as communicated by Parties”

1

Source: The African Development Bank Group’s Second Climate Change Action Plan (2016–2020)3

TO DATE, 45 AFRICAN COUNTRIES HAVE RATIFIED THE PARISAGREEMENT AND 44 HAVE CONVERTED THEIR INDCS INTO NDCS

At the flagship Africa Day, organized at COP 23 in Bonn in
2017, the Bank launched the Africa Nationally Determined
Contributions Hub, a platform to help African countries
implement their NDCs. The hub will provide technicalsupport and financial resources to regional member
countries and will ensure effective transformation of NDCs
into bankable and implementable projects that contributeto achieving the issuance United Nations (UN) Sustainable
Development Goals (SDGs).

The Green Bond market represents an alternative, largescale source of funding that African countries can accessto mobilize private capital towards green investment
opportunities on the continent. This thriving market canplay a key role in assisting African countries with meeting
their ambitious environmental targets and NDCs, helping
them mobilize financing to deliver critical infrastructure
projects.

Leading the continent’s transition to
inclusive and green growth
The African Development Bank continually seeks to
improve its climate finance performance and has taken
measures to increase resource mobilization andmaximize its development impact across the continent.
In 2017, 100% of new lending in the Bank’s power
portfolio was renewable energy, generating an
additional capacity of 1.4 gigawatts (GW) andcontributing to an annual GHG emission reduction of
2.8 million tons, while connecting 3.8 million Africans
to electricity (Figures 2 and 3).

Figure 2 : New lending in renewable energy

Figure 3 : 2017 Bank Group approvals

Recently, the Bank Group made significant investments in climate change adaptation and resilience building
projects in the Horn of Africa and elsewhere:• Operations in agriculture, such as the Drought Resilience and Sustainable Livelihoods Program in Eritrea• The Climate-Resilient Livestock Management Project in Zambia• Humanitarian relief in Kenya and South Sudan for people affected by famine

Box 1 Closing funding gaps in small-scale energy infrastructure
While scaling up its green financing, the Bank approved an investment of USD 20 million in 2017 in the Evolution II Fund,a USD 250 million Pan-African clean and sustainable energy private equity fund that promotes renewable energy andenergy efficiency in Africa by financing small and medium-sized projects.
The Fund’s expected impact:•
2,750 new jobs•
Energy generation capacity of 5–150 MW per project•Greater sustainable power generation in beneficiary countries•
Three infrastructure sub-projects (45% of the pipeline) expected to generate 87 MW of wind, solar andgeothermal power, with estimated annual production of 513 gigawatt hours (GWh) and GHG emission reductionof 353,000 tons annually.

5

The African Development Bank’s Green
Bond issuance
Since establishing its Green Bond framework in 2013, the African Development Bank has consistently been active in the Green
Bond market, raising about USD 1.5 billion equivalent through six Green Bond transactions in US dollar, Swedish kronor and Australian dollar (Figure 4).

Figure 4 : Outstanding AfDB Green Bonds as of 30 June 2018

Currency

Issue size

Issue date

Maturity date

Allocation to eligible
green projects

USD

500 million

9 December 201517 December 2018

100%

SEK

1 billion

17 February 201424 February 2019

100%

SEK

1 billion

6 March 2014

12 March 2019

100%

SEK

1.25 billion

24 November 2016

1 June 2022

43%

AUD

55 million

6 December 201615 December 2031

93%

AUD

60 million

31 October 2017 (tap)

15 December 2031

77%

Box 2 Recent Green Bond Issuance
In 2016, the Bank launched an AUD 55 million 15-year Kangaroo Green
Bond, the longest Green Bond issued by a sovereign, supranational
and agency (SSA) in the Kangaroo market at the time of issuance.

6• The Bank’s USD 500 million 3-year Green Bond is partof the Bloomberg Barclays MSCI Global Green Bond
Index.
• The Bank’s Green Bonds are listed on the Luxembourg
Green Exchange, the largest platform exclusively dedicated to Green, Social and Sustainable Bonds, part of
the Luxembourg Stock Exchange.

AfDB Green Bond portfolio
Figure 5 : Outstanding AfDB Green portfolio as of 30 June 2018 - Distribution by project typeBox 3 AfDB Green portfolio expected outcomes2
•
•
•
•

2

Reducing GHG emissions by about 43 million tons of CO2 at project completion
Rehabilitating or adding 2,500 MW of renewable energy capacity
Saving and treating 330 million m3 of water
Creating 257,000 jobs

Note: Data in box 3 shows the total impact of the eligible projects in the green portfolio, but the Bank’s impact reporting data is done
pro-rata of AfDB financing share7

Mapping the Sustainable
Development Goals
In June 2018, ICMA introduced a framework for SDG
mapping so that issuers and investors can evaluate thefinancing objectives of a given Green, Social or Sustainable
Bond or program against the SDGs. To respond toincreasing demand from impact investors to track thefinancial performance of their SDG-aligned investments, theBank has mapped its green portfolio into the Green Bond
Principles’ eligible project categories and aligned them tospecific SDGs, according to ICMA’s recommendation(Figure 6).

THE HIGH 5s WILL HELP THE CONTINENT ACHIEVE
CLOSE TO 90% OF THE UN SDGs3

Figure 6 : AfDB green portfolio addresses 8 SDGs

3
United Nations Development Programme, UNDP Policy Brief, “Strengthening Strategic Alignment for Africa’s Development:
Lessons from the UN 2030 Agenda for Sustainable Development, the African Union’s Agenda 2063, and the AfDB’s High Fives”,
Vol. 1, No. 1, January 20178

Environmentally and socially conscious
The Bank is assessed on a regular basis on its Environmental,
Social and Governance (ESG) and Corporate Social
Responsibility (CSR) performance by well-known specialized
rating agencies, including Vigeo Eiris, ISS-oekom and MSCI
(Figure 7).

sustainability considerations into AfDB’s operations andpolicies. This ensures that economic growth in Africa isgreen, that it is environmentally sustainable and socially
inclusive. Through the ISS, the Bank also demonstrates its
pledge to respect and promote human rights on thecontinent by applying international norms, standards andbest practices. A key focus of the Bank is to prevent
operational and reputational risks while avoiding
unnecessary adverse impacts and legacy issues.

The Bank’s environmental and social safeguards as well as its
Compliance department use the Integrated Safeguards
System (ISS) to mainstream environmental and social

Figure 7 : AfDB assessment by ESG rating agencies(63/100) “Advanced”
The Bank is ranked 4th among the 11 MDBs
in its peer group
July 2018
C+: “Prime” status
January 2018

A: “Average” with“strong commitment to environmental due
diligence and financial inclusion”
June 2017

With strong credit ratings of Aaa (Moody’s), AAA (Fitch), AAA (S&P) and AAA (JCR), with a stable outlook, and ESG/CSR
credentials all aligned, the Bank is able to successfully issue Green Bond transactions that attract not only its traditional investor
base, central banks and official institutions, but also a broad suite of dedicated green and sustainability-focused investors.

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Selected green projects
Climate change mitigation - Clean transportation
Senegal: Dakar-Diamniadio-AIBD Regional Express Train project
Improving the quality of life of Dakar citizens with sustainable transport

Alignment to the UN SDGs

Project cost: EUR 867 million

Year of approval: 2017

AfDB financing: EUR 183 million

Estimated annual GHG savings: 8,440 tons of CO2

Because of its role in the national economy,
the Dakar region urgently needs to build asustainable public transport system thatsatisfies growing local travel needs. In 2015,
only 16% of the estimated 12.5 million daily
trips within the Dakar metropolitan area weretaken with public transport, including just
0.2% (25,000 trips) using the suburban train
Petit Train de Banlieue. Due to the public
transport system’s poor quality, 80% of
travelers simply walk, sometimes over long
distances.
The regional express train project will cover
55 km from Dakar’s city center via
Diamniadio to Blaise Diagne International
Airport. The project will be implemented in
two phases and is expected to transport
113,000 passengers per day. As a
Dakar-Diamniadio-AIBD train station model
sustainable form of low-carbon transport, theRegional Express Train is adapted to climatechange. As for its carbon footprint, the project will avoid producing nearly 8,440 tons of CO2 annually during its
operational phase solely through modal changes, or an estimated 337,600 tons of CO2 avoided over a 40-year lifespan.
This reduction is likely to be supplemented in the near future by the power generated from a renewable, emission-free
power source needed for the regional express train’s electric traction.
Expected outcomes:• Beneficiaries: 113,000 passengers per day and 3.5 million inhabitants in the project area
(24% of Senegal population)• Travel time reduced from 108 minutes to 45 minutes• 21,000 jobs created10

Climate change mitigation - Renewable energy
Kenya: Quantum power—Menengai geothermal power development
Lifting Kenya’s population out of the dark

Alignment to the UN SDGs

Project cost: USD 98 million

Year of approval: 2018

AfDB financing: USD 30 million

Estimated annual GHG savings: 95,000 tons of CO2

Kenya’s power sector is characterized by
growing demand for electricity, high tariffs
and unreliable supply. Currently, half of the
population has no access to electricity. To
address these challenges, and given theneed to curb climate change and foster
green growth, the Government of Kenya
launched the Vision 2030 initiative that
supports the development of affordable
and reliable energy. This program aims tosignificantly increase power generationfrom renewable energy, such as
geothermal, to achieve universal access toelectricity by 2030. At the same time, itaims to protect the environment andmitigate the negative impacts of climatechange. Kenya is blessed with extensive
geothermal resources, which have been asource of power for over 30 years, and isscaling up its exploitation to boost
economic growth.

Steam pipes at Menengai, Kenya (Source: Geothermal Development Company)

The project involves the construction of a 35 MW geothermal power plant located in the Menengai geothermal
field. The electricity generated will be transmitted through a 13 km, 132 kilovolt (kV) transmission line completed
by the Kenya Electricity Transmission Company Limited.
In producing more geothermal power, the country will not only use one of its cheapest sources of energy, but will
also diversify its energy mix and reduce dependence on hydro. Kenya will therefore rely more on domestic
resources rather than imported oil, reducing the county’s exposure to oil-price volatility.
Expected outcomes:• Kenya’s installed power capacity to triple to 9,500 MW• Installed geothermal capacity to increase from 673 MW in 2017 to 2,849 MW by 2035
• Average annual energy production of 291 GWh• 330 new jobs

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Climate change adaptation - Sustainable water andwastewater management
Egypt: Gabal El-Asfar wastewater treatment plant—stage II phase II project
The largest wastewater treatment plan in Africa and the Middle-East
Alignment to the UN SDGs

Project cost: EUR 130 million

Year of approval: 2009 / Year of completion: 2018

AfDB financing: EUR 53 million

Estimated annual GHG savings: 95,000 tons of CO2

Water scarcity is a recurrent issue in Egypt due to thegrowing population and food requirements. In the past,
untreated wastewater from East Cairo was discharged
directly into the Bahr El Baqar drain and eventually to Lake
Manzala through a drainage system, posing serious
environmental and public health risks. Concerned aboutsafely regulating and increasing the reuse of treatedwastewater resources as a non-conventional water
resources, the Government of Egypt partnered with the
African Development Bank to expand the Gabal El-Asfar
wastewater treatment plant.
The plant’s daily capacity was increased by 500,000 m3
serving an additional 2.5 million people living in East Cairo.
Beneficiaries also include around 785,000 people living invillages downstream of the plant and along the drain to
Lake Manzala. Since June 2018, Gabal El-Asfar has atreatment capacity of 2.5 million m3 of wastewater daily,
making it the largest wastewater treatment plant in Africa
and the Middle-East, and the second largest in the world.
This pioneering green plant is massively improving theenvironment, the quality of life and the health of millions
of people. The plant’s expansion also allows the increased
discharge of better quality “gray water” to the agricultural
sector. The reuse of treated wastewater is considered an
economically viable source of water for agriculture (mainly
wood trees and shell fruits) and fisheries expansion andcan overcome the severe uncertainty of available fresh
water.

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Key impacts:• Beneficiaries: 2.5 million inhabitants in East Cairo
and 785,000 people living downstream the plant;• Improvement of the ecosystem and reduction ofpollution in Lake Manzala;• 60% of electricity generated by biogases producedby the sludge, rather than by fossil fuels, cutting
electricity costs and CO2 emissions;• 550 permanent jobs created;• More than 1,800 trees planted and watered at theplant’s site (300 Acres Pilot Farm).

Climate change mitigation - Renewable energy
Cabo Verde: Cabeólica wind power project
One of the first wind farms in operation in Sub-Saharan Africa
Alignment to the UN SDGs

Project cost: EUR 64 million

Year of approval: 2010 / Year of completion: 2012

AfDB financing: EUR 15 million

Estimated annual GHG savings: 55,000 tons of CO2

The project consisted of building,operating and maintaining four onshore
wind farms on four islands of the Cabo
Verdean archipelago, with a combined
installed capacity of 25.5 MW connectedto the electricity grid. Each wind farmincludes towers with wind turbines,
transformers, a substation, a command
center, an underground transmission line
and an access road.
Cabo Verde had been suffering fromchronic power shortages and was relying
almost entirely on expensive imported oil
derivatives to generate electricity. The
economy and population were therefore
heavily dependent on such imports andwere vulnerable to oil-price fluctuations.
Moreover, the challenges associated withsmall archipelago economies prevented
Cabo Verde from having a single
centralized power system; thus, it favored
projects comprising generation facilities on several islands.

Wind farm in Santiago Islands, Cabo Verde

While Cabo Verde has one of the highest rates of access to electricity in Sub-Saharan Africa (95% of the
population is connected to the grid), it has had one of the highest electricity tariffs (approximately USD
0.30/kilowatt hour). The reason is that the electricity generated was derived almost entirely from imported heavy
fuel oil and diesel power plants.
Since its commissioning in 2012, the Cabeólica wind power project has been supplying 22% of electricity
consumption and helped stabilize electricity tariffs. It is also contributing to reduce Cabo Verde’s GHG emissions
and is key to achieving the country’s target for renewable energy generation (50% by 2020). The avoided thermal
power generation helped save about 15 million liters of fuel and curb an average of 55,000 tons of CO₂ emissions
per year. Since 2013, the project has earned certified emission reductions credits for the avoided GHG emissions
under the Clean Development Mechanism of the United Nations Framework Convention on Climate Change.
Key impacts:• Clean energy production of 80 GWh annually, serving 22% of national demand• 90 jobs created

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IMPACT REPORTING
Environmental impact of African Development Bank green projects
The following impact reporting shows selected projects included in the Bank’s Green Bond portfolio. Indicators were
produced in accordance with the impact reporting metrics for renewable energy, sustainable water and wastewater
management and clean transportation projects suggested by informal technical working groups. The full list of projects included in AfDB’s Green Bond portfolio can be downloaded from its dedicated Green Bond webpage.

Selected list of renewable energy projects

Project description

AfDB
share
AfDB
financing of(in million) financing

AllocatedamountProject
lifetime(years)Renewableenergy caAnnual
pacityenergyconstrucproduced
ted or(MWh)rehabilitated(MW)

AnnualGHG
emissions
reducedor avoided(in tons
CO2e)

Shapoorji Pallonji Energy
Solar PV - Egypt
50 MW solar PV plant to increase
Egypt’s power generation capacity,
diversify the energy mix and enable
fuel savings.

Mekele-Dallol and Semera-Afdera Power Supply for Industrial
Development and Access Scaleup Project - Ethiopia

Other
Indicators- 88 jobs
createdUSD 12

17%

USD 2

25

21,7888

10,146- 12,000
beneficiaries- 5,300 jobs
createdUSD 105

85%

USD 1

35

523,392

209,357

Construction of two 230 kV transmission lines and two corresponding substations.

- 3.3 million
new customers- 30 healthcenters and 37
schoolsconnected

Lake Turkana Wind Power Project - Kenya
300 MW wind farm near Lake Turkana to increase Kenya's installed
power by 17%, providing clean, reliable and affordable energy.

EUR 11518%

EUR 106

1420

264,960

55

135,537- 138 jobs
createdSelected list of sustainable water and wastewater management projects

Project description

AfDB
financing(in million)

AfDB
share
of
financing

AllocatedamountProject
lifetime(years)Annualabsolute
Annual(gross)absolute amount(gross)of waswater
tewatersavings treated,(millionreusedm3)
or avoided inm3

AnnualGHG
emissions
reducedor avoided(in tons
CO2e)National Irrigation Water
Saving Programme Support
Programme - PHASE II(PAPNEEI-2) - Morocco

Other
Indicators- 485,000 jobs
created during
construction
USD 12

91%

USD 3

30

58

58

0
- 635,000 jobs
created during
development

Construction of irrigation infrastructure within 2 water basins covering
26,000 hectares for water efficiency
and soil conservation.

- 3,400 ha ofirrigated land
- 4,200 ha ofdegraded forest
rehabilitated

Farm Income Enhancement andForestry Conservation Programme - Project 2 - Uganda
Develop 5 new small-scale irrigation
schemes to improve production andfarm incomes, rural livelihoods, foodsecurity and climate resilience.

USD 7784%

USD 1220

0

0

10,276- Target population: 1.5 million- Per capita
income toincrease by
10%- 75,000
farmers trained- 3.4 million
inhabitants witha healthy
environment- 5,000 ha ofland to be
irrigated

Project to Improve the Quality ofTreated Water - Tunisia
Rehabilitation of 30 Water Treatment
Plants and the related pumpimg
stations to upgrade sanitation infrastructure and build capacity to improve treated water quality.

EUR 32

87%

EUR 19

30

87

236

0

- Improvement
in coastal
fishing- 900 jobs
created
- 1,200 farmers
trained15

Selected list of clean transportation projects

Project description

Dakar-DiamniadioAIBD Regional Express Train Project Phase I- Senegal

AfDB
financing(in million)

EUR 183

AfDB
share
of
financing21%

AllocatedamountEUR 38

Project
lifetime(years)

Passenger
Kilometers
and/orpassengers

40

113,000
passengers per
day overadistanceof 55 kmCovering a total distance of 55
km to improve public transportation services.

TonKilometers
and/ortons

AnnualGHG
emissions
reducedor
avoided(in tons
CO2e)

Reduction of air
pollutants

Other
Indicators- 4,400 jobs
created- Travel time
reduced from108 to45 minutes

1,781- 21,000 jobs
created during
construction
Railway Infrastructure
Reinforcement Project - Morocco
Doubling the 141 km track
Settat-Marrakech and building
5 modern railway stations between Tangiers and Casablanca.

USD 11228%

USD 9230

7,4 million passengers
over 141
km of
railway

504,000
tons offreighttransported- Number oftrains runningper day
increasedfrom 24 to 36

1,811,241- 38 minutes
gained intravel time
- 2,800 m2 ofrailway station
constructed

Dar Es Salaam Bus Rapid
Transit System Project Tanzania
Construction of infrastructurethat includes 20 km of exclusive Bus Rapid Transit (BRT)
lanes and Non Motorised
Transport facilities.

USD 97

61%

USD 2

25

16

600,000
passengers per
day over20km ofBRT
infrastructure
construc
ted

1,339

From 160
metrictons/dayemittedby localbuses to56 metric
tons/dayemittedby BRTbuses- Travel time
reduced from90 to 20 min- Travel cost
reduced by
TZD 300- Reduction of
accidents by40%- 1,500 jobs
createdPlease visit the African development Bank Green Bond webpage
https://www.afdb.org/en/topics-and-sectors/initiatives-partnerships/green-bonds-program/ Green Bond framework
 AfDB Green Bond newsletters AfDB’s Ten-Year Strategy (2013–2022)
 Environmental policy Energy policy Integrated safeguards system
 Joint MDB report on climate finance Climate finance tracking methodology
 CICERO second opinion
 Eligible green projects
 Annual Development Effectiveness Report ESG rating reports
 New Deal on Energy for Africa

www.afdb.org

INVESTOR CONTACT
fundingdesk@afdb.org(225) 20 26 39 00(225) 20 26 29 06

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