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Emerging Economies

The $417 million project to modernise the Philippines’ Davao Sasa port has received expressions of interest (EOI) from six investment groups, according to government officials.

The International Transport Workers’ Federation (ITF) has urged the Indonesia government to rethink the concession for the Jakarta International Container Terminal (JICT), claiming that the process has been rushed through parliament and not open to due transparency.

Japanese officials have expressed interest in investing in development of the Port of Turkmenbashi in the Central Asian state of Turkmenistan, during trade talks between the two nations this week, Turkmen state media reports.

The Vietnamese government has approved plans to construct the $2.5 billion Hon Khoai deepwater port in the southern province of Ca Mau, with construction due to start in the last quarter of 2016.

The Sri Lanka Ports Authority (SLPA) has reportedly approved a $400 million project to develop a dockyard at the country’s Hambantota Port.

Dubai-based port operator and logistics firm DP World is considering a $1 billion investment in port infrastructure in Iran, according to local news agency IRNA.

Japanese development organisation Japan International Cooperation Agency (JICA) has signed a grant agreement with the government of Tonga to provide a $27 million investment to upgrade the Port of Nukuʻalofa in the Pacific island state’s capital.

South Africa’s Transnet National Ports Authority (TNPA) has awarded Preferred Bidder status for a new $14.5 million cruise terminal project at the Port of Cape Town to developer V&A Waterfront.

The developers of Nigeria’s proposed Calabar deepwater port have reportedly raised €500 million in financing for the project to date with  dredging activities at the site now underway.

Iranian authorities are reported to be developing a multi-purpose port on the island of Qeshm in the Strait of Hormuz and seeking as much as €700 million of foreign investment for the project, according to comments from Farzin Haqdel, the deputy head of the Qeshm Free Zone Organization.


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