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
Rwanda and Tanzania are linking their national payment systems—TIPS and RSWITCH—through a bilateral pilot. Sending money from Tanzania to Rwanda costs...
IFC provides CFA14.5 billion ($25.5 million) senior loan to BOA Congo Funding targets micro, small, and medium enterprises, including women-led...
FEDA injects $75 million into Spiro, Africa’s largest electric two-wheeler company, to fund expansion and battery infrastructure. Spiro targets...
The Abu Dhabi roundtable yielded $16.4 billion in investment commitments. The IsDB and World Bank pledged over $3.3 billion in...
Most Read
01

The Bank expects a 41% rise in 2025 and a further 6% increase in 2026. Gold topped $4,00...

World Bank sees precious metal prices staying high until 2027
02

Social media users accuse the UAE of backing Sudan’s RSF militia. Activists and celebrities c...

UAE faces backlash over alleged role in Sudan’s gold and arms trade
03

Ghana holds talks to address energy debt and tighten sector oversight New inspector, stricter...

Ghana Moves to Rein In $8.4 Billion Energy Debt with Stronger Regulation
04

COBAC raises bank capital requirement to 25 billion CFA francs from 10 billion Compliance dea...

CEMAC Regulator Quadruples Bank Capital Requirement, Matching Regional Trend
05

The World Bank forecasts a 21% annual increase in fertilizer prices. Urea, DAP, and potash pr...

Global fertilizer prices expected to rise 21% in 2025
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.