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Thursday, 23 February 2012

Djibouti's Tadjoura development progresses

Canada's Allana Potash has announced that Djibouti's Ministry of Equipment and Transport through the Djibouti Port and Free Zone Authority (DPFZA) has commenced a prequalification process to select contractors for the construction of a new port at Tadjoura.

The DPFZA-operated facility will initially consist of a 435 m quay and a 30 ha yard.

It will be constructed using money to be secured from the Arab Fund for Economic and Social Development and the Saudi Fund for Development.

Allana reports that it "will continue to work with the Djibouti authorities to integrate the required potash storage and handling facilities into the new port plans".

"Allana," says company president and CEO Farhad Abasov, "is encouraged by the admirable progress made by the Djibouti government in the ongoing development of the country's transportation infrastructure."

"Allana understands that both the Djibouti and Ethiopian governments are looking to the strategic Danakhil potash resource as one of the catalysts for the development of road, port and rail facilities critical to the continued economic growth within the region and we are pleased to have the opportunity to participate in supporting these developments."

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