BDEAC Backs Owendo Construction Loan
The Development Bank of Central African States has approved a US$52 million loan for infrastructure and breakbulk development at the port of Owendo in Gabon.
The new port will owned jointly by the Gabonese government and Olam International of Singapore, and will add much needed breakbulk capacity in the region.
“The port has to date been limited in capacity notably with regard to bulk handling facilities for mining produce such as iron ore,” a spokesperson for research consultancy Africa House said.
The new port near Libreville is expected to be operational by mid-2016. Elsewhere in Gabon work is progressing to develop the Mangali Quay at the Mayumba deepwater port with the first phase due to be complete by the end of 2016.
Photo: Breakbulk at Libreville. Credit Afritramp
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