Gabon secures €312M financing from Proparco and IFC for railway modernization

Proparco , the International Finance Corporation (IFC), and Société d’Exploitation du Transgabonais (SETRAG) have signed a €312 million financing agreement to fund the next phase of the Gabon Railway Modernisation and Safety Programme. The deal is backed by SETRAG’s shareholders: Eramet Comilog (51%), Meridiam (40%), and the Gabonese State (9%), marking a major milestone in the ongoing transformation of the 648‑km Trans‑Gabon Railway, which links Owendo on the Atlantic coast to Franceville in ea