President Macky Sall of Senegal and Dr. Bandar Hajjar, President of the Islamic Development Bank Group (IsDB), inaugurated the Regional Express Train (TER), linking the new International Airport Blaise Diagne (AIBD) from Diass to the city of Dakar.
The TER, which will provide the Dakar-Diamniadio route, will carry 115,000 passengers a day. This historic transformative project will significantly improve the urban mobility in the metropolis of Dakar.
With the IsDB’s focus on creating better infrastructure in its member countries, TER is the biggest financial investment made by the Bank for a single project in Sub-Saharan Africa. The total contribution by the IsDB is EUR300 million, nearly FCFA 197 billion.
The President of the IsDB Group, Dr. Bandar Hajjar, said: “With the rapid population growth in our cities, the we are convinced that investing in innovative transportation infrastructure is a key factor in meeting the aspirations of our people, and to create an environment for efficient functioning of the economy.”
Relations between Senegal and the Bank have taken on a new dimension since 2014, with Phase 1 of the Emerging Senegal Plan (PSE) during which the IsDB Group has provided finance of USD 1.8 billion becoming the country's main development partner.
The Bank hopes to continue its cooperation under the second phase of the PSE and believes that Senegal can become a model for the IsDB Group in achieving its development aspirations, including the promotion of Islamic finance, science, technology and innovation, the use of a value chain-based model approach.
As part of its continued partnership, Senegal has agreed to host the IsDB’s second Transformers Summit, a conference bringing together a powerful coalition of entrepreneurs, innovators and leaders from around the world to discuss the role of Science, Innovation and Technology in Achieving the Sustainable Development Goal 11. The conference will take place in Dakar in December 2019.