More port power
Dubai’s global port operator DP World signs 20-year concession with an automatic 20-year extension with Mali to build and operate a 1,000-hectare modern logistics hub outside of Bamako.
dubai — Dubai-based port operator DP World signed a 20-year concession with an automatic 20-year extension with Mali to build and operate a 1,000-hectare modern logistics hub outside of Bamako, Mali.
The multimodal logistics platform, Mali Logistics Hub (MLH), will have inland container depots (ICD) and container freight stations (CFS) that will facilitate the import and export of goods.
The Mali Logistics Hub will be located on the main road corridor from Dakar, Senegal, to Bamako and close to the Dakar-Bamako rail line and will be capable of handling 300,000 TEU (twenty foot equivalent unit), 4 million tonnes of bulk and general cargo.
The first phase of the project, with an estimated initial investment of $50 million (Dh183.5 million), will include an inland container depot and container freight station facility that will support the growth of the Malian economy by streamlining the import and export of goods.
Construction is expected to start in 2019 and will take approximately 18 months to complete.
DP World will also provide Mali with three locomotive trains to boost cargo and passenger traffic along the Bamako-Dakar rail system.
Furthermore, the Mali logistics
The Malian market is expected to grow over the next two decades and is driven by a robust economic and population growth Sultan Ahmed bin Sulayem,
Chairman and CEO, DP World
hub will significantly reduce processing time for products entering Mali as part of efforts to reduce obstacles to trade and economic development.
DP World will also implement its online paperless facilitation platform to accelerate the movement of goods as part of the agreement. The concession agreement was signed in Dubai by Suhail Al Banna, CEO and managing director, DP World Middle East and Africa, and Moulaye Ahmed Boubacar, minister of equipment and transport, Mali.
“The Malian market is expected to grow over the next two decades and is driven by a robust economic and population growth. Thus, the Mali Logistics Hub is much-needed and will provide the country with a logistics platform that aims to facilitate the import and export of goods via the Port of Dakar, which is operated by DP World,” said Sultan Ahmed bin Sulayem, chairman and CEO, DP World.
“DP World’s investment will significantly cut processing time for goods and thus facilitate trade. We are committed to enabling trade in the region and helping local businesses and people prosper, and look forward to working together.”
Boubacar said the Mali Logistics Hub will dramatically improve the cost and time of trade for Mali.