Business news feedNIGER-BENIN-BOLLORE-20131109

Sat,27Dec2014

Posted on Saturday, 09 November 2013 07:59

NIGER-BENIN-BOLLORE-20131109

November 9, 2013, 10:00 am

00:23 09Nov13 -Niger, Benin selects Bollore as partner for rail project NIAMEY (Reuters) - Niger and Benin have chosen French industrial group Bollore as strategic partner in a 1,200-km (745-mile) rail project, which if completed, would enable easy access to port for Niger's uranium export. As a strategic partner of the project, Bollore would be responsible for mobilising resources to carry out construction and rehabilitation work on the Cotonou-Parakou-Niamey rail line, both countries' presidents said in a joint statement seen on Friday. The rehabilitation, construction and exploitation of the railway was awarded to consortium in which Bollore will own a 40 percent stake. Each state will have 10 percent share while private sector investors in each country will own the remaining 40 percent divided equally. "Work will begin at the end of March next year at latest," the statement said after a meeting between both presidents in Benin economic capital Cotonou on Thursday. No further details was given. Niger, a landlocked West African nation at the edge of the Sahara and one of Africa's poorest, is a major uranium miner. It also began pumping oil in 2011. Its uranium is exported through the port of Cotonou, mostly by trucks doing the almost 2,000-km (1,240-mile) journey from the northern uranium mining town Arlit by road.



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