Bluestar Capital a UK based project and trade finance provider specializing in sub-Sahara Africa has secured the mandate to assist Ivorian Ministry of Transport to arrange over USD$1billion to support its Road Transport development programme. The funds will be used for the procurement of 50,000 Vehicles of various types to support the national fleet renewal programme. The key factors of the project are creation of Jobs, wealth in Road Transport and amelioration of safety route with output of Vehicle users and national policy on the renewable automobile Park.
The project is sponsored by ‘’Funds for ‘The Development of Road Transport’’ (FTDR) under this facility the government of Cote d’ivoire Will have in place lines of credit with lenders and vehicle manufacturers to provide leverage in achieving discounts of large volume orders. BNI GESTION Bank of Cote di voire is the lead mandate and co- arrangers.