Dubai: Prepare for a serious facelift for ports in Djibouti, with the nation’s ports boss telling Bloomberg he is in negotiations with India, China, Brazil, Russia, and Arab investors to finance infrastructure projects worth $5.9bn.
There are plans to double container capacity at Doraleh to 3m teu a year by 2015, and build a brand new container terminal at Tadjourah, while the government wants to build six bulk ports.
The country plans to create six ports to handle commodity exports, according to Hadi.
Talks are ongoing for a $600m oil refinery that will allow for the import of crude oil from South Sudan by pipeline with the finished products sold in East Africa.
On top of that there are plans for a $2.6bn liquefied natural gas terminal in Djibouti, including a liquefaction plant and a pipeline, to enable the export of 10m cu m of gas from Ethiopia to China annually from 2016. [09/05/13]