New container to be built at Côte d'Ivoire’s Abidjan Port for US$875mn

portinafrica-JAXPORT-flickrChina’s Eximbank has provided a loan of US$875mn to Côte d’Ivoire for the construction of a second container at the Abidjan Port

Port officials confirmed that they planned to increase the capcity at the West African country’s port, considered one of the busiest. The Abidjan Port serves as a gateway to landlocked nations to the north of Côte d'Ivoire, and is a transit point for export of cocoa beans as well.

Hien Yacouba Sie, director general of Abidjan Port, said, “The financing has been concluded by China’s Eximbank. The scope of work entails the enlargement of the Vridi canal, construction of a second container terminal and a roll-on/roll-off terminal as well.”

Sie added that construction would commence in Q1 2015 and would be completed in 2021. France’s Bollore has agreed to invest around US$377mn to boost port infrastructure and equipment to enhance the flow of traffic to the port.

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