Finance

Côte d’Ivoire: launch of 854 million Euros expansion of the autonomous Port of Abidjan

Thursday, 08 October 2015 04:46

The Ivorian authorities launched, on 6th October, the expansion works of the Autonomous Port of Abidjan (PAA), which cost is of FCfa 560 billion (approximately 854 million Euros).

The works which will be undertaken by the China Harbour Engineering group over a period of 4 years consist in building a second container terminal capable of accommodating the “biggest container ships sailing the West African coasts” and “digging a deeper entry point for the Vridi Canal” (achieved in 1950) and “modernising the wharves”.

The project is funded by the Chinese bank of Export-Import (China Eximbank) which provided 85% of the financing. The goal is to make the Abidjan Port, which currently has a traffic of 25 million tons per year, the “number one port in sub-Saharan Africa”.

A consortium made up of 2 French groups, Bolloré Africa Logistics and Bouygues Travaux Publics, and APM Terminals from the Maersk group (Denmark) were granted the construction and operation rights of the second container terminal in the Abidjan Port in March 2013.

The Bolloré group, specialised in port and rail logistics in Côte d’Ivoire, is in charge since 2004 of the management and operation of the first container terminal at the port.

PAA, leader in West Africa and representing 90% of Côte d’Ivoire’s foreign exchanges, also supplies the sub-regional landlocked countries (Mali, Niger and Burkina Faso).

On the same topic
Nigeria’s gross external reserves rose to $50.45 billion on Feb. 16, their highest level in 13 years. The reserve stock covers 9.68 months of...
Cameroon Treasury bill demand rises to 84.84% in January Rate surpasses CEMAC regional average of 69.04% Average yield falls to 6.87%, easing...
Verdant Capital structured a $5 million equity placement for Polysmart Packaging Group. The funds will expand food-grade recycled PET production...
Askadar Housmane Sanou has been appointed to lead Burkina Faso’s state investment fund, CDI-BF. The fund, created in 2023, is central to...
Most Read
01

Senegal launches 200 billion CFA bond in UEMOA Proceeds to fund 2026 budget, transformation agend...

Senegal Launches $360 Million Regional Bond Sale
02

Amazon begins talks with Kenya on low-Earth orbit satellite broadband Kenya’s digital market ...

Amazon Turns to Kenya as Its Next Low-Orbit Satellite Internet Bet in Africa
03

Algeria’s NESDA and the Algerian‑Saudi Investment Company sign cooperation deal focused on researc...

Algeria’s NESDA, ASICOM Sign SME Investment Deal; Funding Details Unspecified
04

DRC seeks ITC support for local battery value chains Musompo SEZ targets $2 billion private ...

DRC seeks ITC support to advance battery mineral value chains
05

BOAD says sovereign bond purchases are liquidity management Member states accelerate borrow...

BOAD Defends Sovereign Bond Purchases as Liquidity Management, Not Budget Support
Enter your email to receive our newsletter

Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

SALES & ADVERTISING

regie@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72


EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

 
 

Please publish modules in offcanvas position.