Ivory Coast completed the construction of the port with Chinese investment
2022.11.25 15:00
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Ivory Coast completed the construction of the port with Chinese investment
Budrigannews.com – Late on Friday, officials announced that the Ivory Coast had finished building a second container terminal at its main port in Abidjan, paving the way for it to become a regional shipping hub.
According to port officials, the project cost approximately 596 billion CFA francs, or $953 million, and China’s Eximbank provided 85% financing, while the Ivorian state provided 15%.
It is a joint venture between Bollore, a company based in France, and APM Terminals, a division of the Danish company A.P. Moeller-Maersk.
In addition to being a gateway for landlocked nations to the north, the port in Abidjan already serves Ivory Coast, the largest economy in French-speaking West Africa and the world’s top cocoa producer.
The new container terminal will be able to transfer goods from large ships from Asia, Europe, and the United States that had to land in South Africa before they could get to West Africa on smaller ships.
It began procedure on Nov. 1 however was formally divulged at a public interview on Friday.
“We no longer serve as a second port.We are turning into a center point,” said Andre N’Doli, specialized head of the terminal, called Cote d’Ivoire Terminal (CIT).
“We will handle traffic from other ports that cannot accommodate large vessels,” he told reporters, “in addition to national traffic.”
The terminal is supposed to permit Abidjan to increment holder traffic to 3 million TEU compartments from 1.2 million TEU compartments each year, port specialists said.
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