Today, I want to share a new story of a succesful PPP project in Africa. Eiffage SA, France's third-largest construction company, will build a 230 million euro ($315 million) road in Senegal, the International Finance Corporation said.IFC, a member of the World Bank Group, and Eiffage, a leading European construction and concessions company, announced on November 15th the signing of the financing of the Dakar-Diamniadio toll road connecting Senegal's capital city and the rest of the country. This toll road will dramatically reduce the burden to tens of thousands of local commuters and greatly improve access to markets for businesses.The 25-kilometer (16-mile) highway is expected to cut the average commute from the capital, Dakar to Diamniadio to 30 minutes from two hours, it said.IFC served as the lead arranger and global coordinator for this landmark €230 million toll road project, a 30-year concession, won by Eiffage, to build, finance, operate and maintain a 25 kilometer toll road from Dakar to Diamniadio. IFC provided €22.5 million in senior and subordinated long-term debt facilities alongside an additional €40 million of long-term financing from the West African Development Bank, the African Development Bank and CBAO, a leading Senegalese commercial bank.The World Bank played a key role in the structuring of this toll road concession which is the first of its kind in West Africa. This partnership also supports an integrated urban development plan to upgrade and restructure the impoverished Pikine neighborhood located on the outskirts of Dakar.Currently, over 100,000 vehicles enter and exit Dakar on a daily basis using a single double lane road, leading to severe traffic congestion affecting the movement of goods and people.Remember there are not many PPP highways in Africa. South Africa was a pioneer using the model but not many other countries have used it. Nigeria has but it is facing some problems with the Lekki-Epe expressway.Thanks for visiting us again and again. As this content is for you, we want you to leave a message and tell us what your favourite content is.UPDATE. December 12thInfraPPP Africa has received a news release from Nodalis concerning the ceremony to mark the private financing of the Dakar-Diamniadio motorway (Eiffage Group) that was held at the Méridien hotel in Dakar on December 2nd 2010.Follow us on twitter!