France, Gabon
Sanctioned in Madagascar, Colas caves in to Gabon and halves road works bill

Deprived of World Bank funding for two years for circumventing tender rules in Madagascar, French construction group Colas also caved in to pressure from the Gabonese authorities and agreed to reduce the cost of renovating the sole access road to Libreville. [...]

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Madagascar
Will Meridiam run Ivato airport's new terminal alone?

The restructuring of the capital of the consortium Ravinala Airports, which manages Ivato's airport new terminal, should speed up following a 4 January move by the World Bank, anticipated by Africa Intelligence, to sanction the French construction companies Bouygues and Colas as well as Groupe ADP, all three of which are shareholders in the consortium.

LogoSubscribers only Infrastructure, Business 10.01.2022

Madagascar
World Bank wraps up corruption investigation into Ivato airport

The first few months of the new terminal at Ivato, built and managed by a consortium of Aéroports de Paris, the Meridiam fund and the Bouygues and Colas construction groups, are expected to be disrupted by the findings of an investigation by the World Bank's anti-corruption unit, a branch of which was involved in financing the project.

LogoSubscribers only Infrastructure, Business 04.01.2022

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