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Port of Mogadishu Rehabilitation and Operation

Source: World Bank Group

Project
Active

The project entails the rehabilitation and operation of the Port of Mogadishu, the capital of Somalia, on behalf of the Federal Government of Somalia. Concessioner is Albayrak Group from Turkey. The agreement covers the continuation of the Port's exclusive terminal operations and marine services by Albayrak under a revised revenue share arrangement, a five-year, $50 million rehabilitation and in

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Project Information

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The project "Port of Mogadishu Rehabilitation and Operation" is an infrastructure initiative in the Government, Seaport, Water Supply and Storage sector, located in N/A, Somalia. Taiyo aggregates data from World Bank Group, including information on sponsoring government bodies, EPCs, and contractors.

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Participants

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Status

Original status

Active

Taiyo status

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Email

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Description

Description

The project entails the rehabilitation and operation of the Port of Mogadishu, the capital of Somalia, on behalf of the Federal Government of Somalia. Concessioner is Albayrak Group from Turkey. The agreement covers the continuation of the Port's exclusive terminal operations and marine services by Albayrak under a revised revenue share arrangement, a five-year, $50 million rehabilitation and investment program, the implementation of a terminal operating system to increase efficiency and speed and compliance with international safety standards to increase the attractiveness of the port. The concession agreement was announced on October 8th, 2020. The concession period is 14 years. https://allafrica.com/stories/202010090274.html?fbclid=IwAR1DELEnpeJo635Sqaqr4bIA4W0FpV5Z5akTAN_Yn30kd8pSE52MPxtlyvA

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Original Currency

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Original budget

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Source

Source reliability

High

Data quality score

100%

Source

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URL

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More Details

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