Somaliland Port Authority to spend US$269 million on CT expansion
THE Somaliland Port Authority plans to spend an additional US$269 million on Berbera Port container terminal's yard operations and expansion to be completed by 2026
THE Somaliland Port Authority plans to spend an additional US$269 million on Berbera Port container terminal's yard operations and expansion to be completed by 2026.
DP World has a 51 per cent stake in the terminal with Somaliland holding 30 per cent while Ethiopia holds 19 per cent, said the Addis Ababa Reporter.
The expansion project requires a total of $442 million to increase the port's annual capacity from today's 150,000 TEU to 400,000, said Somaliland Port Authority general manager Hassan Abdullahi.
When 70 per cent of that volume reaches to its capacities, additional 400,000 TEU will be added, said Mr Abdullahi.
The Berbera Port expansion project that commenced 11 months ago, has now reached halfway through the first phase is expected to be commissioned next year.
Container volume increases can be attributed to new mobile cranes and reach stackers. Since last year, the 5,000 TEU per month operation has now reached to 16,000 TEUs per month, said Mr Abdullahi.
At full build out there will be a 1,500 metre quay, from today's 650 metres. In addition to the port project, the Somaliland government is developing a 12.2-square kilometre Greenfield Free Economic Zone.