China signs $800m deepwater port project in Sao Tome

China signs $800m deepwater port project in Sao Tome

Sao Tome and Principe government has signed a memorandum of understanding with China to an $800m deepsea port in the African island country.

China’s state-owned China Harbour Engineering Company will invest at least $120m in the project and will be responsible for the engineering, design and construction of the port.

According to a government statement, the first phase of the port will be completed by 2018 and will start operations in 2019.

China set up a trade mission in Sao Tome and Principe in 2013, primarily for the port project. The island nation lies in the middle of the oil-rich Gulf of Guinea.

China ended diplomatic relations with Sao Tome and Principe in 1997 after the country established diplomatic relations with Taiwan.

Jason Jiang

Jason worked for a number of logistics firms following his English degree, then switched this hands-on experience to writing and has since become one the most prolific writers on the diverse China logistics industry writing for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week. Jason’s access to the biggest shippers with business in China has proved an invaluable source of exclusives.

Related Posts