P&O Ports Inks Port of Bosasso Concession Agreement

P&O Ports, Government of Dubai owned port operator, has won a 30-year concession for the management and development of a multi-purpose port project at Bosasso in the Puntland State of Somalia.

President of Puntland, H.E. Abdiweli Mohamed Ali, and the chairman of Ports, Customs & Freezone Corporation (PCFC), Sultan Ahmed bin Sulayem, signed the agreement in Dubai today, in the presence of senior government officials and representatives of PCFC.

Work on this project, worth $336 million, will involve construction of a 450m quay and a 5 hectare back up area, dredging to a depth of 12m with land reclamation work using dredge spoil, according to the Government of Dubai’s latest announcement.

“This investment is a huge undertaking in Puntland and will greatly contribute to the infrastructure development in Somalia, particularly the Puntland State of Somalia,” said President of Puntland, H.E. Abdiweli Mohamed Ali.

“Infrastructure development is a priority for the government of Puntland as it underpins the efforts of taking this country forward. This concession agreement of expanding the Bosasso port is a major achievement for my government and for the people of Puntland.”

The agreement will also include major investment in an IT and Terminal Operating System (TOS), mobile harbor cranes and container handling equipment.

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3rd International Congress Hydraulic Engineering Structures and Dredging

Russia’s leading maritime industry Media Group PortNews (www.portnews.ru) holds a traditional annual Congress “Hydraulic Engineering Structures and Dredging” in Moscow. 

The two-day Congress includes the 7th International Forum of Dredging Companies and the 3rd Technical Conference “Modern Solutions for Hydraulic Engineering”.

Infrastructure development is among the real sources of Russia’s economy growth. Construction of port facilities and new hydraulic engineering structures on the country’s inland waterways constitute an essential part of all infrastructure projects. It is important to take into account the best international practices to implement these projects effectively.

The program of the Congress will be devoted to the latest technologies for dredging and hydraulic engineering works. Speakers and delegates will refer to real projects to discuss specifics features of dredging works, as well as dedicated fleet and equipment involved.

To learn more about event, please, contact the organizing committee: snitko@portnews.ru

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