China in $875 Million West Africa Port Spend


The Ivory Coast has been loaned around US$875 million for the construction of a second container terminal at its Abidjan Port by China.

According to Reuters, the port serves as a gateway for the countries that are currently landlocked above the north border of the West African country.

With the investment, the port aims to increase its capacity, with construction due to commence in Q1, 2015.

Director General of the Port of Abidjan, Hien Yacouba Sie, said: “The financing has been concluded with China Eximbank.”

He went on to say that the Vridi Canal would also be expanded, and a roll-on/roll-off terminal is also in the pipeline.

In 2013, a consortium led by France’s Bollore was awarded a contract to manage the new container terminal

Bollore will invest a further $376 million for port equipment in a bid to boost traffic and other port-related infrastructure.

The project is anticipated to be completed by 2021.

China in $875 Million West Africa Port Spend. (Source: Picto Bank)

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