As	  AIBD	  Financial	  Advisor	                                           1
As	  AIBD	  Financial	  Advisor	                                                            EUR	  400	  Million	  	       ...
Welcome	  Message	  	  As	  AIBD	  Financial	  Advisor	                                           n  Aéroport	   Interna,...
ContentsAs	  AIBD	  Financial	  Advisor	                                           	  1-­‐	  Transac,on	  Highlights	     ...
As	  AIBD	  Financial	  Advisor	                                           1	  –	  Transac@on	  Highlights	               ...
Transac@on	  Highlights	  (1/4)	  As	  AIBD	  Financial	  Advisor	                                                        ...
Transac@on	  Highlights	  (2/4)	  As	  AIBD	  Financial	  Advisor	                                                    INTE...
Transac@on	  Highlights	  (3/4)	  As	  AIBD	  Financial	  Advisor	                                                        ...
Transac@on	  Highlights	  (4/4)	  As	  AIBD	  Financial	  Advisor	                                                        ...
As	  AIBD	  Financial	  Advisor	                                           2	  –	  Context	  and	  Project	  Concept	     ...
As	  AIBD	  Financial	  Advisor	                                           2.1	  –	  Context	  and	  Project	  Concept	   ...
2.1 	  Context:	  Project	  Loca@on	  As	  AIBD	  Financial	  Advisor	                                                   	...
2.1 	  Context:	  Project	  Loca@on	  As	  AIBD	  Financial	  Advisor	                                                    ...
2.1 	  Context:	  Senegal	  -­‐	  Economic	  Highlights:	  B+	  S&P	  Ra@ng	  (2008)	  As	  AIBD	  Financial	  Advisor	   ...
2.1 	  Context:	  Major	  Infrastructure	  Projects	  As	  AIBD	  Financial	  Advisor	                                    ...
2.1 	  Context:	  A	  Growing	  Air	  Traffic	  As	  AIBD	  Financial	  Advisor	                                            ...
2.1 	  Context:	  A	  Growing	  Air	  Traffic	  As	  AIBD	  Financial	  Advisor	                                           n...
2.1 	  Context:	  the	  Exis@ng	  Aéroport	  Interna@onal	  Léopold	  Sédar	  SenghorAs	  AIBD	  Financial	  Advisor	     ...
As	  AIBD	  Financial	  Advisor	                                           2.2	  –	  Context	  and	  Project	  Concept	   ...
2.2 	  Project	  Concept:	  need	  for	  a	  New	  Airport	  to	  support	  growing	  traffic	  As	  AIBD	  Financial	  Advi...
As	  AIBD	  Financial	  Advisor	                                           3	  –	  The	  New	  Airport,	  a	  Strategic	  ...
4.2 	  Project	  Contracts:	  Summary	  As	  AIBD	  Financial	  Advisor	                                                  ...
3.         	  The	  Main	  Players	  in	  the	  New	  Airport	  Construc@on	  &	  Opera@ons	  	  As	  AIBD	  Financial	  A...
3.   	  The	  New	  Airport	  As	  AIBD	  Financial	  Advisor	                                                            ...
3.          	  The	  New	  Airport’s	  Site	  As	  AIBD	  Financial	  Advisor	                                           n...
3.   	  The	  New	  Airport’s	  Facili@es	  As	  AIBD	  Financial	  Advisor	                                              ...
3.         	  The	  New	  Airport’s	  Facili@es	  As	  AIBD	  Financial	  Advisor	                                        ...
3.          	  The	  New	  Airport’s	  Facili@es	  As	  AIBD	  Financial	  Advisor	                                       ...
3.   	  	  The	  New	  Airport’s	  Environmental	  and	  Social	  Aspects	  As	  AIBD	  Financial	  Advisor	              ...
                                                                                                       	                  ...
                                                                                                      	                   ...
As	  AIBD	  Financial	  Advisor	                                           4	  –	  Project	  Par@es	  &	  Contractual	  St...
As	  AIBD	  Financial	  Advisor	                                           4.1	  –	  Project	  Par@es	  &	  Contractual	  ...
4.1 	  The	  Main	  Players	  in	  the	  New	  Airport	  Construc@on	  &	  Opera@ons	  	  As	  AIBD	  Financial	  Advisor	...
4.1 	  Project	  Par@es:	  AIBD-­‐SA	  As	  AIBD	  Financial	  Advisor	                                                   ...
4.1 	   	  Project	  Par@es:	  AIBD-­‐SA	  As	  AIBD	  Financial	  Advisor	                                            AIB...
4.1 	   	  Project	  Par@es:	  AIBD-­‐SA	  As	  AIBD	  Financial	  Advisor	                                            AIB...
4.1 	  The	  Main	  Players	  in	  the	  New	  Airport	  Construc@on	  &	  Opera@ons	  	  As	  AIBD	  Financial	  Advisor	...
4.1 	   	  Project	  Par@es:	  The	  EPC	  Contractor	  As	  AIBD	  Financial	  Advisor	                                  ...
4.1 	   	  Project	  Par@es:	  The	  EPC	  Contractor	  As	  AIBD	  Financial	  Advisor	                                  ...
4.1 	  Project	  Par@es:	  The	  EPC	  Contractor	  As	  AIBD	  Financial	  Advisor	                                      ...
Blaise Diagne Airport
Blaise Diagne Airport
Blaise Diagne Airport
Blaise Diagne Airport
Blaise Diagne Airport
Blaise Diagne Airport
Blaise Diagne Airport
Blaise Diagne Airport
Blaise Diagne Airport
Blaise Diagne Airport
Blaise Diagne Airport
Blaise Diagne Airport
Blaise Diagne Airport
Blaise Diagne Airport
Blaise Diagne Airport
Blaise Diagne Airport
Blaise Diagne Airport
Blaise Diagne Airport
Blaise Diagne Airport
Blaise Diagne Airport
Blaise Diagne Airport
Blaise Diagne Airport
Blaise Diagne Airport
Blaise Diagne Airport
Blaise Diagne Airport
Blaise Diagne Airport
Blaise Diagne Airport
Blaise Diagne Airport
Blaise Diagne Airport
Blaise Diagne Airport
Blaise Diagne Airport
Blaise Diagne Airport
Blaise Diagne Airport
Blaise Diagne Airport
Blaise Diagne Airport
Blaise Diagne Airport
Blaise Diagne Airport
Blaise Diagne Airport
Blaise Diagne Airport
Blaise Diagne Airport
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Blaise Diagne Airport

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Blaise Diagne Airport

  1. 1. As  AIBD  Financial  Advisor   1
  2. 2. As  AIBD  Financial  Advisor   EUR  400  Million     Airport  Departure  Payments  Financing  Facility   Financing  Dakar’s  New  Interna@onal  Airport     2
  3. 3. Welcome  Message    As  AIBD  Financial  Advisor   n  Aéroport   Interna,onal   Blaise   Diagne   –   Société   Anonyme   (“AIBD-­‐SA”)   is   delighted   to   present   to   your   esteemed   ins,tu,on   a   key   infrastructure   project  in  Senegal:     à  Dakar’s  new  interna@onal  airport  (the  “New  Airport”).   n  AIBD-­‐SA  seeks  your  involvement  in  the  financing  of  the  New  Airport  under  a   circa  EUR  400  million  Airport  Departure  Payments  Financing  Facility.     n  This   Financing   is   a   unique   opportunity   to   fund   a   landmark   infrastructure   self-­‐standing  project  in  Western  Africa  which  will  benefit  to  Senegal  and  the   whole  region.   3
  4. 4. ContentsAs  AIBD  Financial  Advisor    1-­‐  Transac,on  Highlights   2-­‐  Context  and  Project  Concept             3-­‐  The  New  Airport,  a  Strategic  Investment  for  Senegal         4.  Project  Par,es  and  Contractual  Structure           5.  Financing  Structure               6.  Air  Traffic  Forecasts  and  Financial  Projec,ons               7.  Transac,on’s  Main  Assets   8.  Works’  Progress               4
  5. 5. As  AIBD  Financial  Advisor   1  –  Transac@on  Highlights   5
  6. 6. Transac@on  Highlights  (1/4)  As  AIBD  Financial  Advisor   UNPRECEDENTED  STATE-­‐OF-­‐THE-­‐ART  INFRASTRUCTURE  PROJECT   FOR  SENEGAL  AND  THE  SUB-­‐REGION     n  Urgently  needed  infrastructure  project  in  response  to:       n  Growing  traffic  /  Latest  security  requirements  /  Dakar  conges,on.   n  Largest  infrastructure  project  undertaken  in  Senegal  for  decades;   n  Cornerstone  of  the  Senegalese  Accelerated  Growth  Strategy  and  decentraliza@on   policy;     n  Promo@ng  local  content  with  3,000  jobs  provided  through  the  construc@on  period;   n  And   possibly   another   3,000   Jobs   (direct   +   indirect)   as   at   commencement   of   opera@ons;   n  Confirming   the   role   of   Dakar   as   a   crucial   sub-­‐regional   hub,   and   paving   the   way   for     an  intercon@nental  hub.   6
  7. 7. Transac@on  Highlights  (2/4)  As  AIBD  Financial  Advisor   INTERNATIONALLY  REPUTABLE  ACTORS  UNDERTAKING  THE  PROJECT     n  SBG:  Key  Player  enjoying  Outstanding  presence  in  the  Arabian  Gulf:   n  Large  experience  and  proven  track-­‐record  in  the  Airport  construc,on;   n  Strong  technical  and  financing  capabili,es;   n  Very  Successful  track-­‐record  in  Senegal.   n  FRAPORT:  Worldwide  Leader  in  Airport  management:   n  Leading-­‐edge   provider   of   integrated   airport   services   with   longstanding   and   unique  experience;   n  Numerous   similar   experiences   in   concession   management   in   Saudi   Arabia,   Egypt,   and  Turkey.   7
  8. 8. Transac@on  Highlights  (3/4)  As  AIBD  Financial  Advisor   EURO-­‐DENOMINATED  FACILITY  MAINLY  BACKED  BY  OFFSHORE  FLOWS     WITH  A  STRONG  AND  COMPREHENSIVE  INTERNATIONAL  SECURITY  PACKAGE     n  A  EUR-­‐denominated  Airport  Charge  collected  by  IATA  on  each  passenger  leaving   any  Senegalese  airport,  and  fully  dedicated  to  the  repayment  of  the  Facility;   n  Transferred  directly  by  IATA  to  a  Collec@on  Account  held  by  BNP  Paribas  in  Paris;   n  The  Facility  benefits  from  an  efficient  interna@onal  security  package  comprising:     n  A  pledge  on  the  Airport  Charge,   n  An  assignment  of  IATA’s  receivables;   n  A  Cash  Collateral  Agreement;   n  Addi,onal  securi,es  such  as  a  “delega,on”  of  the  insurances    and    Constructor’s   guarantees;  and   n  Comfort  leers  from  the  Republic  of  Senegal.   8
  9. 9. Transac@on  Highlights  (4/4)  As  AIBD  Financial  Advisor   STRONG  OFFSHORE  CASH-­‐FLOWS  EXISTING  SINCE  APRIL  2005    WITH  VERY  SATISFACTORY  TRACK-­‐RECORD   n  Strong  exis@ng  EUR  cash-­‐flow  linked  to  the  country’s  air  traffic  largely  mi@ga@ng   the  Project’s  risk;   n  Excellent  track-­‐record  of  the  collec@on  process  since    April  2005:     n  Robust  economics  even  with  very  conserva@ve  traffic  growth  profiles,  and  good   resilience  to  major  disrup@ons:       9
  10. 10. As  AIBD  Financial  Advisor   2  –  Context  and  Project  Concept   10
  11. 11. As  AIBD  Financial  Advisor   2.1  –  Context  and  Project  Concept   Context Project Concept 11
  12. 12. 2.1  Context:  Project  Loca@on  As  AIBD  Financial  Advisor     12
  13. 13. 2.1  Context:  Project  Loca@on  As  AIBD  Financial  Advisor   Sta@s@cs   SENEGAL   Area  (km²)   197,161   Popula,on  (in  million)   12.2   Popula,on  density  (inhabitants  per  km²)     62   Population  (m) Population  growth  (%) 12,7 13 12,4 Main  Ci,es  Popula,on  (in  thousands)     11,8 12,1 11,2 11,5 -­‐    Dakar  (capital)   2,462     2.7% 2.6% -­‐    Thiès   262   2.6% 2.5% 2.4% 2.4% 2.4% -­‐    Kaolack   179   -­‐    Saint-­‐Louis   164     2003a 2004a 2005a 2006a 2007b 2008c 2009c   Popula,on  Growth  (2007)  (%)   2.4 a Actual. b Economist Intelligence Unit estimates. c Economist Intelligence 13
  14. 14. 2.1  Context:  Senegal  -­‐  Economic  Highlights:  B+  S&P  Ra@ng  (2008)  As  AIBD  Financial  Advisor   GDP  Breakdown  per  Sector   2007  Ratios,  GDP  at  factor  cost  (%) 16,0% Agri cul ture/GDP 19,4% Indus try/GDP Servi ces /GDP 64,6%  E c o no mis t  Intelligenc e  Unit  e s timates Indebtedness   Current  account  balance  (US$m)   Total  debt/GDP   Foreign  currency  reserves/total  debt   Goods:  exports  fob   Goods:  imports  fob   Trade  balance     100%   3  000   2  081   2  114   77,2%   2  000   1  509   1  536   1  510   1  604   80%   74,4%   1  257   68,4%   67,2%   1  000   65,6%   60%   0   2003a   2004a   2005b   2006b   2007b   2008c   2009c     42,0%   -­‐1  000   38,4%   40%   -­‐2  000   35,2%   -­‐2  066   30,7%   18,4%       25,3%   16,5%   14,4%   14,7%   -­‐3  000   -­‐2  496 -­‐2  807   20% -­‐3  077   -­‐4  000   -­‐3  890   0%   -­‐5  000   2003a   2004a   2005a   2006a   2007b   2008c   2009c     -­‐4  787   -­‐4  852       Source:    Economist  Intelligence  Unit   14 a.  Actual                            b.  Economist  Intelligence  Unit  es:mates                            c.  Economist  Intelligence  Unit  forecasts  
  15. 15. 2.1  Context:  Major  Infrastructure  Projects  As  AIBD  Financial  Advisor   Large  Infrastructure  Projects  Under  Way     n  The  New  Airport  construc,on  takes  part  of  a  wider  na@onal  plan   implemented  by  the  Senegalese  Government  in  order  to  favor   economic  growth:  the  Accelerated  Growth  Strategy  -­‐  in  French  the   His  Excellency  Maître  Abdoulaye  Wade  laying  the  New   Airport’s  founda,on  stone   Stratégie  de  Croissance  Accélérée  (“SCA”).   n  SCA’s  ambi,on  is  to  increase  annual  real  GDP  growth  over  7%  p.a.   n  This  strategy  concentrates  on  large-­‐scale  infrastructure  programs:   n  The  New  Airport  designed  to:   n  Replace  the  exis,ng  Leopold  Sedar  Senghor  airport  of  Dakar-­‐Yoff;     n  Meet  the  growing  demand  in  mid-­‐term  and  long-­‐term  air  traffic.   n  The  Toll  Road:     His  Excellency  Maître  Abdoulaye  Wade  visi,ng  the  Toll   n  Will  link  Dakar  to  Thies  (60  km),  and  will  service  the  New  Airport.   Road  site   n  The  Free-­‐trade  zone  (Dakar  Integrated  Special  Economic  Zone):   n  In  partnership  with  Dubai  World;   n  Located  near  the  New  Airport;   n  Will  s,mulate  freight  and  passenger  traffic;   n  Will  strengthen  ,es  with  the  Gulf  Region.   15 His  Excellency  Maître  Abdoulaye  Wade  launching  the   construc,on  of  the  DISEZ  
  16. 16. 2.1  Context:  A  Growing  Air  Traffic  As  AIBD  Financial  Advisor   n  Senegal  is  strategically  located    at  the  westernmost   point  in  Africa:   n  Between  Europe  and  South  America;     n  Between  the  USA  and  South  Africa;   n  Between  the  Middle  East  and  the  Americas;   n  Therefore,  reachable  within  reasonable  flight  ,me  from   all  parts  of  Europe,  the  Americas  and  Africa  itself.   n  Huge  tourism  poten@al:   n  Senegal  benefits  from  a  mild  tropical  climate;   n  Senegal  is  well  endowed  with  renowned  quality  natural   and  cultural  highlights;   n  Senegal  is  only  5  hours  away  from  Europe,  the  largest   source  of  tourism  flows.     n  Tourism  therefore  represents:   n  6.8%  of  GDP  and  one  of  the  largest  sources  of  foreign   currencies;   n  One  of  the  priori,es  of  the  Government’s  Stratégie  de   Croissance  Accélérée  (“SCA”)  to  boost  economic  growth.   n  However,  today  Senegal’s  huge  tourist  poten,al  is  in   need  of  a  quality  airport  infrastructure  to  further        Other  airport  New  AIBD  airport   boost  its  growth.      Current  AILSS  airport Touris,c  zones   16
  17. 17. 2.1  Context:  A  Growing  Air  Traffic  As  AIBD  Financial  Advisor   n   Air  traffic  in  Senegal  enjoyed  a  strong  growth  in  the   Historical  Depar@ng  PAX  raffic  in  Senegal  t  AILSS     Passenger  t Numbers  a last  13  years:     (1994-­‐2007)               (1994  -­‐  2008) n  Average  annual  rate  of  6.8%,  despite  the  air  traffic   1  000 in  thousand  PAX 828 834 crisis  following  2001  events;   756 800 698 735 722 n  From  850,000  Total  (departures+arrivals)  PAX  in   620 578 1995  to  1,800,000  in  2007;   600 499 520 545 454 387 410 n  European  and  African  flights  represented  97%  of   400 353 total  interna,onal  traffic  in  2007  (non-­‐transit).   200 n  This  strong  growth  has  been  supported  by  the   0 following  key  drivers:   93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 19 19 19 19 19 19 19 20 20 20 20 20 20 20 20 20 20 n  Significant  combined  demographic  and  economic   growths;   Total  Flights  in  Selected  African  Countries               n  A  rising  Diaspora  of  Senegalese  workers  in  Europe   and  the  USA;   35,000   Total  popula,on   30,000     (TP: 138 M) n  Large  investments  in  the  tourism  sector.   25,000       Total flights per annum 2005/06 20,000   2006/07     15,000     (TP: 13 M) 2007/08   10,000   (TP: 23 M)   (TP: 18 M) 5,000     (TP: 18 M)   (TP: 67 M)   (TP: 12 M) n  Despite  a  na,onal  popula,on  of  only  12.2  M,  Dakar   0   Airport  ranks  2nd  in  Western  Africa  in  terms  of  total   flights  per  annum  behind  Nigeria  (with  138  M   inhabitants).   TP = Total country population   17
  18. 18. 2.1  Context:  the  Exis@ng  Aéroport  Interna@onal  Léopold  Sédar  SenghorAs  AIBD  Financial  Advisor   An  outdated  airport  infrastructure                 n  The  exis,ng  Dakars  airport  is  located  within  Dakar  center  and  surrounded   by  Dakars  suburbs;   n  Current  infrastructure  was  built  in  the  1960s  and  has  not  seen  significant   improvements  since  then;   n  Located  downtown,  the  current  airport  has  no  available  land  to  grow;   n  Located  within  a  populated  area,  the  current  airport  poses  not  only  security   issues,  but  also  environmental  ones  due  to  the  huge  conges@on   surrounding  the  airport  as  well  as  pollu@on  and  noise  disturbances;   The  Exis,ng  AILSS  Airport   n  1.5  million  PAX/year  capacity  only;   n  Only  800  ha,  1  runway  with  only  1  exit  taxiway;   n  Limited  passenger  capacity  and  growth  poten,al  is  a  significant  threat  to   Senegal’s  development  ambi@ons;   n  Poor  Quality  Service  Level:  from  E  to  C  depending  on  area  and  period.   The  Exis,ng  AILSS  Airport   The  Exis,ng  AILSS  Airport   18
  19. 19. As  AIBD  Financial  Advisor   2.2  –  Context  and  Project  Concept   Context Project Concept 19
  20. 20. 2.2  Project  Concept:  need  for  a  New  Airport  to  support  growing  traffic  As  AIBD  Financial  Advisor   n  The  construc,on  of  a  New  Airport  is  a  priority  for  the  Senegalese  Authori,es,  in  order  to:   n  Improve  Air  Transport  infrastructures  in  Senegal  so  as  to:   n  Endow  Senegal  with  a  3  million  PAX/year  capacity  Interna,onal  Airport  on  4,000  ha  to   sustain  a  growing  traffic  to/from  the  country;   n  Reinforce  Senegal  posi,on  as  a  transporta@on  hub/gateway  and  a  preferen,al  technical   stop  in  West  Africa;   n  Meet  new  interna,onal  air  transport  regula,ons  both  in  terms  of  security  and  infrastructure   quality;   n  Foster  the  economic  and  poli@cal  strategic  growth  plan  for  Senegal  through  increasing   passenger  and  freight  capaci,es;   n  Review  on  a  na,onal  scale  the  Senegalese  Land  Use  Management:   n  Relieve  conges,on  surrounding  the  exis,ng  airport;   n  Accelerate  the  decentraliza,on  policy  process  implemented  by  the  Government;   n  Develop  space  for  airport-­‐related  industrial  ac,vi,es;     n  Favor  tourism  by  providing  an  easier  direct  access  to  the  touris,c  sites;   n  Develop  the  Dakar  Integrated  Special  Economic  Zone  (“DISEZ”),  and   n  Encourage  the  crea,on  of  new  alterna,ve  centers  of  development  (ex:  the  Thiès  Region).   20
  21. 21. As  AIBD  Financial  Advisor   3  –  The  New  Airport,  a  Strategic  Investment  for   Senegal     21
  22. 22. 4.2  Project  Contracts:  Summary  As  AIBD  Financial  Advisor   Assistance  Contract   Technical  Assistants   Engineering  &   Supervision  Contract   Engineering  &  Supervising  Consultant   Opera,on    Contract   FRAPORT   Ownership   Operator   Insure   Project   Government     Insurers   100%   Construc,on   of     Concession     AIBD   Contract   SBG     Senegal   EPC  Contractor   Al  Rajhi   Agreement   Issues   Bank   Guarantees   22
  23. 23. 3.  The  Main  Players  in  the  New  Airport  Construc@on  &  Opera@ons    As  AIBD  Financial  Advisor   Government   of  Senegal   Ownership          100%   Technical  Assistants   FRAPORT   Award   Operator   AIBD   Engineering  &  Supervising  Consultant   Award      SBG     EPC  Contractor   23
  24. 24. 3.  The  New  Airport  As  AIBD  Financial  Advisor   24
  25. 25. 3.  The  New  Airport’s  Site  As  AIBD  Financial  Advisor   n  The  New  Airport  Site  was  selected  among  10  poten,al  sites  for  a  new  interna,onal  airport   based  on  the  following  criteria:     n  To  be  located  within  a  60  km  radius  of  Dakar;   n  Minimum  available  land  for  the  site  had  to  be  1,800  ha  (  >    twice  the  size  of  the  current  airport);     n  The  ability  to  accommodate  up  to  5,000,000  passenger  traffic  in  longer  term;   n  To  be  closer  to  the  main  Senegalese  tourist  areas;   n  Distance  to  other  urban  centers  :  Proximity  to  both  Thiès  and  Mbour;   n  Land  Accessibility:  Proximity  of  roads  and  transporta@on  infrastructure.   Exis,ng  airport   New  Airport     Tourist  area      Business  area   25
  26. 26. 3.  The  New  Airport’s  Facili@es  As  AIBD  Financial  Advisor   Access  Gates   Parking  Area   Control  Tower   Boarding  Gates   26
  27. 27. 3.  The  New  Airport’s  Facili@es  As  AIBD  Financial  Advisor   n  The  development  plan  covers  airfield  and  infrastructure   components  as  well  as  the  following  facili,es:     n  4,000-­‐ha  land  (from  800  in  the  exis,ng  airport);   n  42,000-­‐square  meter  terminal;   n  3,500-­‐m  long  runway  with  taxiways  designed  for  B747-­‐400   and  Airbus  A380;   n  Control  tower  and  30-­‐stand  apron  with  six  contact  stands;   Airport  Overview   n  700-­‐vehicle  car  park;   n  7,850-­‐square  meters  cargo  terminal;   n  Presiden,al  Pavilion;   n  Hajj  terminal  dedicated  to  pilgrims.   n  The  New  Airport  Facili,es  will  further  offer  to  the  future   Passengers:     Boarding  Gates   n  an  ini,al  capacity  of  3,000,000  passengers  per  year  (from   1,800,000  in  the  exis,ng  airport);   n  B  service  quality  level  according  to  the  IATA  cer@fica@on   as  of  start  of  opera,ons  and  a  minimum  of  C  thereayer;   n  ICAO  and  United  States  Federal  Avia,on  Administra,on   (“FAA”)  levels  of  safety  and  security.   27 Presiden,al  Pavillion  
  28. 28. 3.  The  New  Airport’s  Facili@es  As  AIBD  Financial  Advisor   n  No@ceable  Advantages:   n  Safe  and  efficient  taxiways  to  facilitate  aircray  movements;   n  Linear  configura,on  on  2  levels  with  6  air  bridges;   n  Generous  and  well  organized  aircray  parking  areas;   n  VIP  area;   n  Airfield  layout  designed  to  op,mize  arrival  and  departure   Boarding  Gates   capability  during  good  and  poor  weather  condi,ons;   n  U,li,es  (water,  electricity,  telecommunica,ons,  sewing   sta,on,  etc.);   n  Ground  Services  Equipment  Storage;   n  Fuel  storage  and  Catering  installa,ons;   n  Hydrant  System;   n  General  Avia,on  hangar;   Parking  Area   n  Aircray  maintenance  hangar;   n  Future  dual  2-­‐lane  highway  (APIX’s  Toll  Road  Project)  leading   to:   n   Main  terminal  arrival  level;   n  Departure  bridge  and  parking  areas.   28 View  from  taxiways  
  29. 29. 3.    The  New  Airport’s  Environmental  and  Social  Aspects  As  AIBD  Financial  Advisor   29
  30. 30.       3.    The  New  Airport’s  Environmental  and  Social  Aspects    As  AIBD  Financial  Advisor       ENVIRONMENTAL  AND  SOCIAL  MONITORING  OF  THE  SITE           ü   Valida,on  process  of  the  ESIA/ESMP  has  been  completed;     ü    ESIA  report  submied  to  MOE  on  March  2010  and  «  Affidavit  of  environment  conformity  »  delivered   on  April,  2010;     ü   Construc,on  Environmental  Management  Guidelines  (CEMG)  completed  and  sent  to  DBC/EU;   ü   Environmental  and  Social  Management  Plan  (ESMP)  prepared  and  implemented  by  DBC/EU;     ü Environmental  and  social  audits  conducted  by  ESD/AIBD  on  January  and  June  2010       30
  31. 31.       3.    The  New  Airport’s  Environmental  and  Social  Aspects      As  AIBD  Financial  Advisor   DISPLACEMENT/RELOCATION  ACTIVITIES           ü Finaliza,on  of  the  Revised  Reselement  Ac,on  Plan  (RRAP)  on  progress:  the  report  will  be  completed   first  week  of  September;   ü   The  tender  documents  for  the  construc,on  of  300  houses  are  to  be  finalized  at  the  end  of  the  month;   ü   The  tender  documents  for  the  construc,on  of  the  social  infrastructures  are  on  prepara,on.               31
  32. 32. As  AIBD  Financial  Advisor   4  –  Project  Par@es  &  Contractual  Structure         32
  33. 33. As  AIBD  Financial  Advisor   4.1  –  Project  Par@es  &  Contractual  Structure   Project Parties Contractual Structure 33
  34. 34. 4.1  The  Main  Players  in  the  New  Airport  Construc@on  &  Opera@ons    As  AIBD  Financial  Advisor   Government   of  Senegal   Ownership          100%   Technical  Assistants   FRAPORT   Award   Operator   AIBD   Engineering  &  Supervising  Consultant   Award      SBG     EPC  Contractor   34
  35. 35. 4.1  Project  Par@es:  AIBD-­‐SA  As  AIBD  Financial  Advisor   Government   of  Senegal   Ownership            100%   AIBD   35
  36. 36. 4.1    Project  Par@es:  AIBD-­‐SA  As  AIBD  Financial  Advisor   AIBD-­‐SA  :  Aéroport  Interna@onal  Blaise  Diagne  –  SA   n  Created  in  February  2006  by  the  Government  of  Senegal  to  be  in  charge   of  the  financing,  development,  and  construc,on  of  the  New  Airport;   n  AIBD  SA  is  a  public  company  fully  owned  by  the  State  of  Senegal  ,   incorporated  as  a  “Société  Anonyme  à  Par:cipa:on  Publique   Majoritaire”;   n  AIBD-­‐SA  and  the  State  of  Senegal  signed  a  30-­‐year  Concession   Agreement  on  8  June  2006,  manda,ng  AIBD-­‐SA  for  the  concep,on,   construc,on,  comple,on,  maintenance,  management  and  development   of  the  New  Airport;   n  AIBD-­‐SA’s  specific  objec,ves  are:   n  To  conduct  the  Project  within  the  ,meline,  the  budget  and  the   quality  defined  at  its  incep,on;   n  To  ensure  on  behalf  of  the  State  of  Senegal  an  op,mal   management  of  the  Airport;  and   n  To  mobilize  the  necessary  financings.   n  AIBD-­‐SA’s  Management:   n  Mrs.  Aminata  Niane,  General  Director  of  APIX  –  Chairperson;   n  Mr.  Modou  Khaya,  Chief  Execu,ve  Officer   36
  37. 37. 4.1    Project  Par@es:  AIBD-­‐SA  As  AIBD  Financial  Advisor   AIBD-­‐SA  :  Aéroport  Interna@onal  Blaise  Diagne  –  SA   n  AIBD-­‐SA’s  mission  is  split  into  3  phases  along  the  Project  life,  with  a   light  structure  scalable  in  accordance  to  the  various  phases’   requirements   n  Phase  I:  Development  Phase  (2006  –  2007)  inter  alia:   n  Analysis,  coordina,on,  and  valida,on  of  technical  and  design  studies;   n  Award  of  EPC  Contract,  Opera,on  &  Management  Contract;   n  Selec,on  of  an  Engineering  and  Supervising  Consultant.   n  Phase  II:  Construc,on  Phase  (2008  –  2011)  inter  alia:   n  Global  monitoring  of  all  design  &  construc,on  ac,vi,es;   n  Follow-­‐up  on  construc,on  works,  supply  of  airport’s  equipments,   u,lity  and  telecommunica,ons  systems,  etc.;   n  Reliable  and  regular  repor,ng  to  the  relevant  authori,es;   n  Leading  discussions  to  op,mize  the  profitability  and  u,liza,on  of  the   infrastructure.   n  Phase  III:  Exploita,on  Phase  (2012  –  2036)  inter  alia:   n  Monitoring  of  Daport  good  performance  in  line  with  defined   objec,ves;   n  Ensuring  the  complete  reimbursement  of  the  Facility;   n  Arac,ng  addi,onal  airlines  and  increasing  traffic  in  Senegal;   n  Monitoring  the  revenues  generated  by  the  airport  ac,vi,es.   37
  38. 38. 4.1  The  Main  Players  in  the  New  Airport  Construc@on  &  Opera@ons    As  AIBD  Financial  Advisor   Government   of  Senegal   Ownership          100%   Technical  Assistants   FRAPORT   Award   Operator   AIBD   Engineering  &  Supervising  Consultant   Award      SBG     EPC  Contractor   38
  39. 39. 4.1    Project  Par@es:  The  EPC  Contractor  As  AIBD  Financial  Advisor   Government   of  Senegal   Ownership        100%   AIBD   Award      SBG     EPC  Contractor   39
  40. 40. 4.1    Project  Par@es:  The  EPC  Contractor  As  AIBD  Financial  Advisor   SAUDI  BIN-­‐LADEN  GROUP  (“SBG”)   n  Signing  of  the  Lump  Sum  Turnkey  “Design  and  Build”  EPC  Contract   between  AIBD  SA  and  SBG  on  April  3rd,  2007:   n  pursuant  to  an  interna,onal  compe,,ve  tender  launched  in   August  2006  and  prepared  by  STUDI;   n  19  bidders  in  the  first  round,  6  in  the  second  round,  and  2  in   the  third  round;   n  Decision  based  on  technical  and  financial  qualifica,on  criteria   (accoun,ng  for  respec,vely  80%  and  20%  of  the  total  grade).   n  SBG’s  proposal  main  advantages:   n  Longstanding  experience  in  large-­‐scale  works  of  such  nature:     n  Cairo,  Kuala  Lumpur,  Port  Sudan,  Fujairah,  Aden,  Jeddah   and  Riyadh  Airports.   n  Necessary  resources  to  complete  the  works  within  the   allocated  ,me  constraints;   n  Proficient  technical  advisor  (DAR)  who  also  benefits  from   similar  experience:  studies  and  work  supervision  mandates  for   Dubai,  Amman  and  Cairo  airports.   40
  41. 41. 4.1  Project  Par@es:  The  EPC  Contractor  As  AIBD  Financial  Advisor   SAUDI  BIN-­‐LADEN  GROUP:  Overview   n  Saudi  Binladin  Group  is  a  75-­‐year  old  construc@on  group   headquartered  in  Jeddah  that  historically  focused  on   infrastructure  projects  in  the  Kingdom  of  Saudi  Arabia.  Its  ac,vi,es   are  now  spread  throughout  Middle  East  &  Africa  with  around   35,000  employees;   n  SBG’s  business  model  focuses  on  large  turnkey  contracts  for   sizeable  infrastructure  projects;   n  The  company  has  expanded  over  the  years  to  encompass  a  broad   range  of  ac@vi@es  and  is  now  organised  through  8  autonomous   opera@ng  divisions:     n  Public  Buildings  &  Airport,  Infrastructure  Works,  Special   Buildings,  Architecture  &  Construc,on,  Industrial  &  Power   Projects,  Electromechanical,  Opera,on  &  Maintenance,   Petrochemical  &  Mining.   n  SBG  benefits  from  an  efficient  track  record  of  successful  large   projects:     n  Makkah  Taif  Highway,  Khamis  Mushait  Najran  Highway,  Jizan   Airport  and  its  extensions,  Taif-­‐Abha-­‐Jazan  Highway,  Diwan   Underpass  in  Taif,  and  the  Makkah  Governate  Building.   41

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