Viability Gap Funding Concept Note for the 100% electric Dakar BRT (PIDG, Emerging Africa Infrastructure Fund (EAIF)

Realized in Senegal
RebelGroup International (“RebelGroup”) was appointed as an advisor by the Private Infrastructure Development Group (PIDG) to support the development of a Viability Gap Funding (VGF) Concept Note in relation to PIDG Technical Assistance’s (TA) possible provision of a USD 10 million VGF Grant to the Dakar Bus Rapid Transit (BRT) project in Dakar, Senegal.

The challenge

PIDG selected Rebel to prepare a concept note setting out an early-stage appraisal of the requirements to granting a Viability Gap Funding (VGF) Grant to support the procurement of rolling stock and operations and maintenance contract for the Dakar BRT in Senegal.

The approach

Rebel assessed the project to establish i) whether there is a need for a VGF grant from EAIF/PIDG and ii) what the amount of the VGF grant should be and iii) the benefit(s) and affordability of the relevant project. The scope of work for RebelGroup included the following:

1. Review of all available project documentation, including (pre-)feasibility studies, the concession agreement, impact measurements, demand studies etc.; 2. Review of the financial model; 3. Stakeholder interviews; 4. Preparation of a VGF Concept Note to justify the need and use of VGF funding by PIDG; and 5. Presentation of the VGF Concept Note to the PIDG Technical Assistance Committee (TAC).

The experience of a rebel

An exciting project with a big impact.

"I am delighted we could support the approval of the VGF for the BRT because it contributes to wider impacts on people, planet, markets and systems."
Ingwell Kuil


The Dakar BRT project secured financing and had its inauguration in January 2024, including a USD 10 million VGF from PIDG.