Transaction

Proparco and IFC invest EUR 312 million in SETRAG for the Trans-Gabon Railway Modernisation Programme in Gabon

Announced

21 July 2026

Target

Société d'Exploitation du Transgabonais SA

Value

$356.2m

Asset class

Infrastructure & Project Finance

Type

Project Financing, Debt Financing

Instrument

Term Loan, Senior Debt

Investors

Proparco, International Finance Corporation (IFC)

Sector

Manufacturing and industrials / Railway

Markets

Gabon

About the target

Société d'Exploitation du Transgabonais SA (SETRAG) is a Gabon-based railway transport company operating as the sole concessionaire of the 648-kilometre Transgabonais line linking the port of Owendo, near Libreville, to Franceville in Haut-Ogooué Province. The Company's principal activities are freight haulage and passenger rail services across 24 stations in five of Gabon's nine provinces, operating under a concession granted in 2005 and subsequently extended. Freight comprises manganese ore for Comilog and third-party miners, timber, hydrocarbons, containers, cement and construction aggregates; passenger services run under a public-service obligation with state-set tariffs. SETRAG transported approximately 8.9 million tonnes of freight and 262,315 passengers in 2024, and the line carries about 52% of Gabon's non-oil exports.