ALSF Backs Gambia's Bid for Greater Banjul Power Project

29 May 2013
Content from a Premium Partner
African Development Bank (Abidjan)
press release

The African Legal Support Facility (ALSF), on 28 May in Marrakech, signed a $US 400,000 agreement with The Gambia to provide legal assistance in the negotiations of independent power projects and transmission as well as distribution upgrades in the Greater Banjul area.

The project falls within the ALSF's mission to provide technical legal assistance to strengthen countries' legal and negotiation capacities in matters pertaining to infrastructure, natural resources and investment agreements.

The partnership between Gambia's finance and energy ministries and the ALSF will help unlock much needed foreign investment in The Gambia's energy sector which is currently unable to meet the country's energy demands.

This is the first time the ALSF is assisting The Gambia since its establishment in 2008 by the African Development Bank (AfDB) Group.

The African Legal Support Facility, hosted by the AfDB, has been assisting African governments in the negotiation of complex commercial transactions since 2010. The Facility was established to address the asymmetric negotiating capacity of African governments when dealing with international investors. The Facility's goal is to ensure fair and balanced negotiations.

Read the original article on African Development Bank (AfDB).

Tagged:
Copyright © 2013 African Development Bank. All rights reserved. Distributed by AllAfrica Global Media (allAfrica.com). To contact the copyright holder directly for corrections — or for permission to republish or make other authorized use of this material, click here.

AllAfrica publishes around 500 reports a day from more than 100 news organizations and over 500 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.