Bosaso Port Development *botched deal*?

[baala xoofto]

 

[baala xoofto]

For me, the take away from this is that, DP World could have got Bosaso Port on the cheap, even cheaper than P&O Port deal. 

As the PL minister said, they could not afford to break the deal with P&O Ports so they begged DP World for a way out. 

Arabs are merciless if they see you as desperate. 

I wouldn't be surprised if this is one-way deal - if you can even call that. I am sure, the DP World has all the hands including termination clauses that are just too open. 

[maakhiri1]

The flickering light sums up PL competency, how long it takes to replace a faulty lamp in parliament!

Waa meel Deni diirtay! This is nothing but a show, ceeb astur,   and they are all on it, including the speaker.  Ceebtii Mogadishu,  baa la asturi

So many questions,  and no proper answers 

 

[baala xoofto]

Bosaso Port now only gets 150m additional quay. And meagre 1 acre container yard or 60m x 50m.

P&O Port contract included 450m and much bigger container yard. 

 No mention about how long the contract is and what the ownership looks like. In my opinion, I am not going to be surprised if DP World own 100% and the contracted term is 50 years. 

This is complete sell out. 

Quote

The 12-month project, which is expected to start in early 2023, will include the development of a 150-metre quay, as well as repairs to the current 215-metre quay. Other infrastructure will include the development of a new 3000 square metre container yard, and a 4000 square metre container stripping yard. The gate area to the port will also be upgraded to improve access control.**

 

https://www.dpworld.com/news/releases/dp-world-and-puntland-government-sign-construction-agreement-to-upgrade-port-of-bosaso/

[baala xoofto]

Basically DP World is grooming Bosaso Port to be fed from Berbera Port.