The Gambia's Biggest Infrastructure Project

It is a Partnership between The Gambia Investment & Export Promotion Agency (GIEPA) and TAF Africa Global. The current development of 10-year project covering 160 hectares located in the Banjul International Airport is a mixed-use Business Park with a total estimated cost of $350 million.

Existing warehouses ready for rent

With office space and other facilities. There are two (2) available warehouses of 1000sqm each and one (1) warehouse of approximately 250sqm for rent with all complementary services required.

Ongoing infrastructure works

Water and Power are already available in addition to some primary roads and water reticulation systems for landscape. The development of the entire project is divided into 5 different phases. Phase 1 is currently ongoing.

About The Gambia

The years 2016 and 2017 have been very challenging for The Gambia. The election in December 2016 of Adama Barrow as the new President marked the end of 22 years of Government under Yahya Jammeh.

With real GDP growth of 3.5% recorded for 2017, projected to accelerate to 5.4% in 2018, the Gambian economy is in recovery, driven primarily by agriculture and the service sector.

The overall budget deficit declined from 9.7% of GDP in 2016 to 3.9% in 2017 and is projected to decline further to 0.8% in 2018, thanks to the Government’s strong commitment to break with past policies and restore economic stability and a sustainable level of debt.

Mobilizing resources for investment in critical infrastructure, as identified in the National Development Plan (NDP 2018-2021), will require innovative financing mechanisms, including public-private partnerships (PPPs), to avoid endangering debt sustainability.

Although significant investments in infrastructure have been made (in roads, energy, public works), the country still faces a significant infrastructure deficit that is further aggravated by a poor maintenance culture that holds back the country’s economic growth and development.

The new NDP has identified critical investments that are required to close the infrastructure gap in the period 2018 to 2021. The infrastructure financing deficit is huge and would ordinarily be beyond the Government’s means. The NDP’s gross budget, without accounting for available resources, stands at USD 2.4 billion. Of this, energy and infrastructure account for 57%.

The Government must manage the country’s substantial debt vulnerabilities and high risk of external debt distress. It must strike the right balance between fiscal consolidation on one hand and the vital need to make public investments in infrastructure on the other