15 December 2008 - Gide Loyrette Nouel Paris, legal counsel on the PPP for the Port Réunion Cereal Storage Terminal:

The Chamber of Commerce and Industry for the Island of La Réunion (CCIR) and SAS Terminal Céréalier de Port Réunion entered into a Public-Private Partnership (PPP) agreement on December 4, 2008 for the construction and maintenance of a cereal storage terminal. The PPP was signed by the Chief Administrative Officer (Préfet) for the Island of La Réunion, the Chairman of the Chamber of Commerce and Industry and a representative of the project company (SAS Terminal Céréalier de Port Réunion). Arrangements for the financing of the project were completed on the same day. 
 
This PPP involves a long term lease agreement, granting rights in rem on the terminal built on public land (Autorisation d’OccupationTtemporaire - AOT), combined with a lease and maintenance agreement (Convention de Mise à Disposition - CMD). The project company SAS Terminal Céréalier de Port-Réunion is a special purpose vehicle incorporated by the winning consortium comprising Caisse des Dépôts & Consignations, Financière Océor (Caisses d’Epargne Group) and OCIDIM (Vinci Group).  

The purpose of this 30 year PPP is to provide for the design, building, financing and maintenance of a 60,000 ton-capacity cereal storage port terminal. This industrial facility is essential for securing supplies of grain to La Réunion and the endogenic development of the island. It will be designed and built by OCIDIM under a contract of real estate promotion. OPTEOR (Vinci Group) will be responsible for the maintenance of the terminal.  

This is the first PPP entered into by the Island of La Réunion.

Gide Loyrette Nouel advised OCIDIM. The legal team involved Marie Bouvet-Guiramand, Hassen Chouchane, Estelle Carrère and Thomas Courtel.