Recent News Port of Djibouti to Raise $5.9 Billion From Investors for Infrastructure
Djibouti is in talks with India, China, Brazil, Russia and Arab investors to finance infrastructure projects worth $5.9 billion, the head of the country’s ports authority said, Bloomberg reports. The Horn of Africa nation, which is seeking to become a middle-income nation by 2035, plans to develop rail links, ports, and oil and gas pipelines, Djiboutian Ports and Free Zones Authority Chairman Aboubaker Omar Hadi said in an interview today. Commitments for “close to 57 percent” of the project costs have already been received from China, India, a Saudi Arabian fund and other investors, he said in London. The projects include a doubling of capacity at the Doraleh container port to 3 million containers a year by 2015, according to documents distributed by the Djiboutian government at a conference in London. That would rank it as the continent’s biggest such facility, it said. www.bloomberg.com...     (8 days ago, by arnekiel )