Investment of approximately $345 million to upgrade and renew Casablanca’s container terminal 3 over the next 10 years is set to boost growth and provide new opportunities for the port, Marsa Maroc General manager of Casablanca port, Rachid Hadi told PFI at the Port Finance International Morocco conference.
A strong regulatory environment for public-private partnerships (PPPs) is key to Morocco’s continuing success in the port sector, Sghir El Filali, Director of Regulation and Ports development for Morocco’s National Ports Agency (ANP) told delegates at the Port Finance International Morocco conference today.
Morocco will invest over than $100 billion during the next 20 years in infrastructures including $25 billion in industrial and logistics zones as it moves to become a regional transport hub, the minister of Equipment, Transport and Logistics, Aziz Rabbah told the Port Finance International conference in Casablanca today.
The African Development Bank (AfDB) has approved a $150 million senior loan to Lekki Port LFTZ Enterprise (LPLE) for the construction of a greenfield seaport 60km east of Lagos, Nigeria.
West African bodies have agreed to create a company that will seek foreign direct investment to build infrastructure in the region and will be responsible for managing project execution.
A brand new dredger belonging to South Africa’s Transnet National Ports Authority (TNPA) is to start a maintenance dredge at the Mozambican port of Maputo in a month.
The Nigerian government has moved a step closer to realising the multibillion Lekki port project. The Nigerian Ports Authority (NPA) reported this week that it had completed due diligence processes, opening the way for further investment in the project.
Considerable hype surrounded the US-Africa Leaders’ Summit convened in Washington (DC) by President Barack Obama earlier this month and attended by close to 50 of Africa’s heads of state. A large number of US and African business leaders and bankers were also present at the three-day event.
DP World is bringing together senior government, non-government and industry leaders to discuss Public-Private Partnerships (PPPs) in Somalia.