Infrastructure Projects in Djibouti
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Djibouti opens three ports in two months
DJIBOUTI CITY, 2017/07/15 The opening of three new ports over the completed two months is bolstering Djibouti’s efforts to increase its share of transit and trans-shipment traffic in East Africa. Maritime drive In May the $590m Doraleh Multipurpose Port was officially inaugurated on schedule next two years of construction, following major expansion works by the China National Construction Engineering Corporation. The upgraded port, which was backed by the Djibouti Ports and Free Zone Authority (DPFZA) and national-owned China Merchants Port Holding, has a total annual capacity of 8.8m tonnes, spanning 690 ha with 15 berths, each of which is 1.2 km in length. -
Djibouti partners with China to develop local infrastructure and global trade routes
CHINA, 2016/06/18 Djibouti has recently inked an agreement with China to streamline the East African country’s Customs systems, in a bid to consolidate its position as a logistics and trade centre for the region. The agreement comes as Djibouti channels some $14bn worth of investment – inclunding over $1bn worth of concessional financing from Chinese banks – for a spate of major infrastructure projects, ranging from free trade zones to a new railway and port facilities. The new Silk Road
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