Port of Mogadishu Rehabilitation and Operation
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Source: World Bank Group
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
- Status
- Prospective
- Sector
- Government, Seaport, Water Supply and Storage
- Location
- Somalia
- Updated
- 22 Jul 2026
- Source
- World Bank Group
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Project Information
Participants
Sponsoring Agency |
Status
Original status | Active |
Taiyo status | Prospective |
Taiyo last update | 2026-07-22 |
Contact
| Not available for this record. |
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 |
Original sector | Transport |
Procurement method | |
Budget |
Location
Country | Somalia |
Source
Source | World Bank Group |
URL |
More Details
Record type | Project |
Sector | Government, Seaport, Water Supply and Storage |
Article published date | 2024-06-04 |
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