EIB, AfDB Support SNIM’s Dredging Project

Image source: Van Oord

The European Investment Bank (EIB) and the African Development Bank (AfDB) have concluded financing of $59 million and $50 million, respectively, over twelve years, with the National Industrial and Mining Company (SNIM), the largest mining operator in Mauritania, EIB said in its latest release.

This funding is intended for a SNIM’s dredging project, aimed to strengthen the capacity of their port facilities in Nouadhibou, the economic capital of Mauritania, located north-west of the Atlantic coast of Mauritania.

The Ore Port of Nouadhibou, whose draft does not currently accommodate vessels of more than 150,000 tonnes, is the marine terminal from which SNIM exports its iron ore production, and it is de facto a key place in the Mauritanian economy.

Vessels docking at the current terminal account for only 6% of the world’s bulk carrier fleet, whose limited availability significantly increases costs.

The project supported by the EIB and AfDB includes the deepening and widening of the access channel of the SNIM mineral terminal over 25km with a draft to accommodate vessels of 230,000 tonnes.

According to EIB, the project will ultimately enable SNIM to increase the efficiency of its transport chain, improve its profitability, competitiveness and resilience on the international market in the face of fluctuations in world iron ore prices.

 

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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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