Running discussion on SP, page-57914

AVZ's chinese partners and the DRC govt will want to ramp things up pretty quickly....which may result in very favourable tax incentives offered from the SEZ ...

*Speaking of Ramping things Up with "Chinese Partners & SEZ's"


Rehabilitation and modernisation of Port of Kalemie in DRC to be undertaken

Rehabilitation and modernisation of Port of Kalemie located on the west shore of Lake Tanganyika, north of Katanga province in the Democratic Republic of the Congo (DRC), is to be undertaken by China Gezhouba Group Company (CGGC) Limited, a Chinese construction, and engineering company based in Wuhan, Hubei.

This is after the Chinese company signed with the government of the Central African country, represented by the Minister of Industry, Julien Paluku, and Patrice Kitebi, the Managing Director of Industry Promotion Fund (Fonds de Promotion de l’Industrie, FPI), a contract worth US$ 127M for the implementation of the project on Thursday the 1st day of April this year.
Related posts:

1. DRC, DP World revise initial agreement for Banana deep water port project
2. Construction of deep-water Port of Banana in DR Congo to start soon
3. DRC receives US$ 9.65M equipment for improvement of roads in Kinshasa

The FPI is a public administrative and financial establishment aimed at helping the industrial sector to develop itself within the DRC.
The objective of the project

The objective of the Rehabilitation and modernisation of Port of Kalemie according to the Managing Director of FPI, “is to increase the export capacity from the current 1,500 tonnes per year to 15,000 tonnes over the same period.”

This he said “will be achieved by facilitating the berthing of barges and large-tonnage ships,”

Also Read: Beni-Kisangani road project in the DRC to be executed by CCCC

The contract also includes the rehabilitation of the military annex of the port and the construction of an administrative building for the provincial leadership of FPI.
Expectations for the renovated port of Kalemie

Once renovated, the port of Kalemie is expected to boost economic exchanges between the DRC and East Africa where it connects the DRC with the ports of Bujumbura (Burundi), Mpulungu (Zambia), and Kigoma (Tanzania).

It will also play an essential role in opening up the neighboring provinces such as Maniema, Grand Kasai, North and South Kivu, Haut-Lomami, Lualaba, and Haut-Katanga, and contribute to the viability of the special economic zones of Katanga and Kasai, according to the Ministry of Industry.





*To remind,
Construction of deep-water Port of Banana in DR Congo to start soon

The long-awaited construction of the proposed deep-water Port of Banana in the Democratic Republic of Congo might start soon according to Félix Tshisekedi, the President of the Central African Republic.

Tshisekedi made the revelation during a recently held council of ministers meeting.

He said, “The clauses, which were to detriment of the Democratic Republic of Congo in the development of the project have been revised in accordance with my expectations.
Related posts:

1. Rehabilitation and modernisation of Port of Kalemie in DRC to be undertaken
2. DRC, DP World revise initial agreement for Banana deep water port project

In the coming days, they will be translated into the Amendment that will be signed with the United Arab Emirates (UAE) port operator Dubai Ports (DP) World so that the construction works of this strategic and vital port facility start as soon as possible.”

This news comes barely two months after the Congolese president and the regional director for Africa DP World had a discussion session that was focused on the readjustment of the initial agreement for the implementation of the project in question.

Also Raed: DRC, DP World revise initial agreement for Banana deepwater port project
An overview of the initial agreement

The initial agreement for the Banana deep-water port project dates back to 2018 when a contract was signed between the UAE port operator and former Congolese head of state, Joseph Kabila. According to the contract, DP World would set up a joint venture with 70% control, and the government of DRC holding a 30% share, to manage and invest in the Port of Banana.

The first phase of the project, with an estimated initial investment of US$ 350, would include a 600-meter quay and 25-hectare yard extension with a container capacity of 350,000 teu and 1.5m tonnes for general cargo.

The construction works were set to start in 2018 and expected to take approximately 24 months to complete.




*Not sure what the hold up is, as i can't find anymore info atm







Food for Port ( Bananas )

Frank