Djibouti Port to invite bids for Doraleh Container Terminal expansion

(HornTrade) – $300 million project will double Doraleh’s capacity to 3 million TEU

The Port of Djibouti, a major port in the Gulf of Aden, will look to invite bids for the expansion of the Doraleh Container Terminal, partly-owned by DP World, in the fourth quarter, according to the Port and Free Zone Authority.

The terminal’s annual capacity will be doubled to around 3 million TEU following the completion of a US$300 million development project in 2015, Aboubaker Omar Hadi, chief executive officer of the authority, told Bloomberg.

“We are in talks with China, the World Bank and African Development Bank on the project,” said Hadi. “Djibouti is a small market but we are increasing traffic to the hinterland.”

The Port of Djibouti is vital to the country’s $982 million economy due to its strategic location on the Red Sea, one of the world’s busiest and most important shipping lanes.

The port is also used as not only a vital gateway to the landlocked Ethiopia in the south but as a hub for trade stemming from countries on the eastern coast of the African continent.

According to Hadi, Djibouti is also looking to build a further five ports in the coming years, including a $180 million facility in Tajourah, for the export of minerals and potash from Ethiopia.

In 2000, DP World, the Dubai based terminal operator, and the Djibouti government established a joint venture to operate the Port of Djibouti and to develop the Doraleh Container Terminal.

With its 18 meter draft and 1,050 meter quay, the terminal can easily accommodate the largest ships in service, including the 15,000 TEU Super-Post-Panamax vessels.

Source:  porttechnology

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