Applying a Sustainable Asset Valuation (SAVi) to the Bus Rapid Transit Project in Senegal

The SAVi assessment of Dakar's Bus Rapid Transit (BRT) project reveals that while traditional financial analysis suggests the project is not viable, the inclusion of externalities—such as time saved and avoided transportation costs—significantly enhances its financial performance. The project, estimated to cost EUR 369,490,000 and transport 300,000 passengers daily upon completion in 2023, generates total net benefits ranging from CFA 1.7 trillion to 2.7 trillion across different demand scenarios. While the BRT is expected to cause a 14% net job loss within the transportation sector, it is projected to increase overall economy discretionary spending by 15.6% due to improved mobility.

• Traditional financial assessments indicate that the BRT project is not financially viable regardless of passenger demand, but incorporating externalities significantly improves financial indicators. For example, the Internal Rate of Return (IRR) for Scenario 1 (BRT) is 2.17%, which rises to 37.69% in Scenario 1E (BRT + externalities).
• The integrated Cost Benefit Analysis (CBA) shows that the BRT project generates net benefits across all three demand scenarios, with total net benefits ranging from CFA 1.7 trillion to almost CFA 2.7 trillion (USD 2.94 billion to USD 4.61 billion).
• The most significant externalities contributing to the project's value are the avoided cost of transportation, the value of time saved, and discretionary spending.
• The BRT project is expected to result in a net job loss of 14% within the transportation sector, as job creation from the project will not fully compensate for losses in other transport modes. However, improved mobility is projected to increase discretionary spending in the overall economy by 15.6%.
• The BRT project in Dakar has an estimated total cost of EUR 369,490,000 and is funded by the Senegalese Government, the World Bank, the European Bank, and the Green Climate Fund.

APA

Bassi, A. M., Casier, L., Pallaske, G., & Uzsoki, D. (n.d.). Applying a Sustainable Asset Valuation (SAVi) to the Bus Rapid Transit Project in Senegal. International Institute for Sustainable Development. https://www.iisd.org/system/files/publications/savi-senegal-bus-rapid-transit-brochure-en.pdf

Chicago

Bassi, Andrea M., Liesbeth Casier, Georg Pallaske, and David Uzsoki. Applying a Sustainable Asset Valuation (SAVi) to the Bus Rapid Transit Project in Senegal. International Institute for Sustainable Development, n.d. https://www.iisd.org/system/files/publications/savi-senegal-bus-rapid-transit-brochure-en.pdf.

Wikipedia

{{cite report |last1=Bassi |first1=Andrea M. |last2=Casier |first2=Liesbeth |last3=Pallaske |first3=Georg |last4=Uzsoki |first4=David |title=Applying a Sustainable Asset Valuation (SAVi) to the Bus Rapid Transit Project in Senegal |publisher=International Institute for Sustainable Development |url=https://www.iisd.org/system/files/publications/savi-senegal-bus-rapid-transit-brochure-en.pdf |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{bassindapplying, author = {Bassi, Andrea M. and Casier, Liesbeth and Pallaske, Georg and Uzsoki, David}, title = {{Applying a Sustainable Asset Valuation (SAVi) to the Bus Rapid Transit Project in Senegal}}, institution = {International Institute for Sustainable Development}, url = {https://www.iisd.org/system/files/publications/savi-senegal-bus-rapid-transit-brochure-en.pdf}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }