SPECIALTY AND PROJECTS
Current And Completed Projects By IIB Developement Group
Bangui M’poko International Airport.
The Government of the Central African Republic represented by His Excellency, Arnaud Djoubaye Abazene, Minister of Transport and Civil Aviation, and IIB DEVELOPMENT GROUP, a limited liability company of the District of Columbia, USA, have signed on July 11, 2020, 30-Years Concession Agreement to design, build, finance, operate, and maintain (DBFOM) the new international airport in the Central African Republic, known as the Bangui M’poko International Airport. It is expected to cost around US$600 million.
New Bangui M’poko International Airport will have a huge capacity and increase a million passengers per year following completion of the project. The new airport aims to leverage the tourism sector in the country and will become Central Africa’s largest International Airport, serving commercial flights destined to and from the greater Bangui metropolitan area. It will also act as a hub for the Central African Republic’s growth strategy and commercial airlines serving the region. Under this Agreement, Central African Republic grants to IIB-DG the exclusive right and authority during the Term to undertake the design, build, finance, operation, and maintenance of the Bangui M’poko International Airport. IIB DEVELOPMENT GROUP agrees to undertake the functions of the design, build, finance, operation, and maintenance (DBFOM), in accordance with the terms and conditions of this Agreement.
Sud-Ubangi, DRC 300 MW Hydro-power generation facility and accompanying infrastructure
Infrastructure Projects in Sud-Ubangi, DRC
IIB-DG Africa signs a 25 Year concession and 25 Year PPA with Province of South Ubangi of Democratic Republic of Congo (DRC) for the financing, development, construction, management and operation of 300 MW Hydro-power to power generation facility and accompanying infrastructure valued at 1,213,385,855 USD Billion June 8,2020
IIB DEVELOPMENT GROUP LLC, a limited company in the District of Columbia (“IIB-DG”) having its registered office in Washington DC, USA signed on June 8,2020 with the Province of South Ubangi of Democratic Republic of Congo represented by the Governor for the development, construction, and operation of 300 MW Hydro-power to power generation facility and accompanying infrastructure, to be located in DRC. Under 25 years concession, IIB-DG will develop, construct and operate a 300 MW Power plant located in South Ubangi, DRC. Under 25-year PPA, IIB-DG will sell power to the Province of South Ubangi, Export power to Central African and Republic of Congo (Brazza ville) with whom South Ubangi share borders.
The Project is expected to have a positive developmental impact in DRC through the installation power generating assets for commercial and industrial businesses. Economic growth in the Province is constrained by inadequate power infrastructure, resulting in load shedding, blackouts, and a reliance on fossil-fueled, private generators. Demand for electricity in RDC is expected to follow economic growth of 2% per year. The Project will help meet this increasing demand. By providing more efficient baseload power, the Project will help improve the country’s energy supply and price stability. The Project will also assist in achieving the country’s goal of diversifying its generation base and reducing reliance on imported energy.