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).
Fruitful partners with Elsewedy unit to launch processing project in Egypt New facility wil...
In Africa, the transformation of food systems has become an urgent issue in the face of rapid popula...
Airtel Africa signed a partnership with SpaceX to launch Starlink Direct-to-Cell satellite connect...
BOAD approves $35.7 million to upgrade Burkina Faso–Mali border road Project targets 130 km,...
Fitch lowered Gabon’s sovereign rating to CCC- amid rising fiscal stress Payment arrears reac...
New ADD chief outlines roadmap aligned with Morocco Digital 2030 Public service digitalization and startup support at the core of the...
Yango Fellowship extends to Ghana, Ethiopia, Mozambique, and Senegal Program targets STEM students aged 18–25 with project-based...
The Libyan National Army agreed a major arms and training deal with Pakistan The contract includes fighter jets, training aircraft, and...
DHL’s €24m hub signals Egypt’s shift from transit country to regional logistics control point amid global supply chain fragmentation. The...
Algiers is a coastal capital of around four million inhabitants, located in north-central Algeria. Its urban structure, heritage, and social practices...
Palm Hills Developments signs agreement with Marriott International to introduce the St. Regis brand in West Cairo. Project to include a luxury...