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| Africa Horn |
| Puntland signs deal to develop Bosaso Port |
| 2017-04-08 |
| [Garowe Online] Somalia’s semi-autonomous region of Puntland ...a region in northeastern Somalia, centered on Garowe in the Nugaal province. Its leaders declared the territory an autonomous state in 1998. Puntland and the equally autonomous Somaliland seem to have avoided the clan rivalries and warlordism that have typified the rest of Somalia, which puts both places high on the list for Islamic subversion... has signed a deal with Dubai-based firm, P&O Ports-a ports developer and operator- to develop and manage Bosaso seaport, Garowe online report The signing ceremony held in Dubai city in United Arab Emirates, and attended by Puntland delegates led by Puntland President Abdiwali Mohammed Ali "Gaas", Puntland Parliament Speaker and Puntland Minister for Ports, and the chairman of Ports, Customs & Freezone Cooperation (PCFC) Sultan Ahmed Bin Sulayem. According to the agreement, P&O has won a 30-year concession for the management and development of a multi-purpose port project at Bosaso. The approximate investment for the modern multi-purpose facility will be $ 336 Million divided into two phase. " $ 136 Million in the first phase and $ 200 in the second phase," read the statement. The project will involve building a 450m quay and 5 hectare back up area. There will also be major investment in an IT and Terminal Operating System (TOS), mobile harbor cranes and container handling equipment. |
| Posted by:Fred |