Bugesera International Airport: Construction of a key air hub in Rwanda to foster economic development

17/05/2021

Mota-Engil Africa, part of Mota-Engil Group, is an African Engineering company that signed a binding agreement with the Bugesera Airport Company (Airport Concessionaire), for the construction of the Bugesera International Airport in Rwanda, the largest International Airport of the country.

Mota-Engil, leader in Portugal with a consolidated position in the ranks of the 25 largest European construction groups, is already well established in 13 countries on the African continent. With this new construction, which will be located 28 km away from Kigali capital city, Mota-Engil should consolidate its expansion in Africa. 
Bugesera International Airport is expected to start handling 1.7 million passengers a year to reach 3 million passengers by 2030. The new airport will serve as a world-class gateway to Rwanda, with the potential to become a key hub for airlines operating to and from the regional airports of Rwanda and other neighboring East African nations. The national airline, RwandAir, has already planned to open new routes including the United States of America, Ethiopia, Mozambique and Angola. 
Thanks to this important project, Rwanda should benefit from a rebound in tourism and business travel, thus allowing a growth from 150 to 800 million dollars revenue in 7 years that will benefit all sectors and finally enhance the life of the inhabitants by creating thousands of jobs. 
 

“ We are proud to be part of this large-scale project, which will give a new socio-economic impulse to Rwanda and also work as a driver for strengthening East Africa’s economic integration, providing a boost to Intra-African trade and at the same time safeguarding the respect of the community, its future, in a socially responsible way. ”

Jose Carlos Nogueira,
CFO of Mota-Engil Africa

Societe Generale acted as Fronting and Issuing Bank of an advance payment bond, and the bank also acted as Participating Bank to the issuance of a performance bond. 

This strong cooperation between Mota-Engil and the Societe Generale group reinforced the bank’s commitment to support infrastructure projects in Africa, demonstrating its ability to offer tailor-made services in a challenging environment.

“ This project demonstrates once again the synergies and capacity of our teams to work closely in a challenging period, especially for the airline sector. ”

Mehdi Azemmou,
Relationship Manager, Africa, Societe Generale

“ Our teams demonstrated their responsiveness and faultless commitment to provide tailor-made solutions to our clients. ”

Charline Profillet,
Financial Engineering & Structured Trade Finance, Societe Generale