Officials announced that the Ivory Coast has finished building a second container terminal at its primary port in Abidjan, opening the door for it to develop into a regional shipping center.
According to port officials, the project cost roughly 596 billion CFA francs ($953 million) and was funded by the Ivorian government in 15% of cases and China’s Eximbank in 85% of cases.
The partnership is between the French corporation Bollore (BOLL.PA) and APM Terminals, a unit of the Danish firm A.P. Moeller-Maersk (MAERSKb).
Large ships from Asia, Europe, and America will be able to unload their cargo at the new container port instead of having to dock it in South Africa and then transfer it to a smaller ship to travel to West Africa. The facility is anticipated to enable Abidjan to triple container traffic.
Reuters.