Somaliland set to usher in major multi million port investment

[Xaaji Xunjuf]

Interesting there Abu salman Bollore was interested in Berbera port for nearly a decade now, but 30% is still allot they should it cut it. The Somaliland government should negotiate for a fair deal

[Puntlander123]

Sorry guys mogadishu is getting a 270 million dollar Container Terminal, 70million dollar Oil Terminal.

[Xaaji Xunjuf]

Puntlander123;991513 wrote:

Sorry guys mogadishu is getting a 270 million dollar Container Terminal, 70million dollar Oil Terminal.

Good For Mogadishu, what are the pirates getting?

[AfricaOwn]

Xaaji Xunjuf;990665 wrote:

Ofcourse there are concerns the amount of investments what company should it be leased to how will it be managed for how long,berbera has allot of potential its located in a very strategic place.

Maybe foreigners are able to manage it better? I say we give the lease to a reputable port managing company ( a short lease, maximum 10 years) under the conditions that they hire locals only so that a smooth knowledge transfer can occur when their lease is up.

[Mad_Mullah]

Why is it that every news is always "set to" or "About to" or "will start" where are the projects that you announced 3 years ago?

[Abu-Salman]

30% for a 20 years lease seems fair or standard given the sums to be invested and inherent risks; the productivity in Djibouti port post Dubai takeover rose markedly (discipline, transparency etc) but clan balance is more delicate in Somaliland and local politics more fragile (not yet as strong as state with virtual monopoly on force and foreign backers).

 

The Berbera port and corridor represent almost half of the major infrastructure investment required in Somaliland and major towns are clustered around the corridor and few outside. Another advantage is that cheap Ethio hydroelectricity is easily available as well as top notch telecom links via cables through Djibouti which act as a regional hub in that area too.

 

The remaining challenges would largely be to maintain the current anti-corruption drive that saw the Sland central budget grow fourfold within 3-4 years and raise fiscal pressure on the very lucrative remittances or telecoms companies as well as the traders, local elite and diaspora so to ensure equality, inclusive growth or access to public services for those unable to pay for private providers (not growth for the well-connected).

[Xaaji Xunjuf]

Mad mullah the berbera coridor project was a long project which started nearly a decade ago. So it will take time before it starts. Projects started in 2010 are about to be finilized the socable project for example is alsmost finished. The berbera port investment is a huge issue will take some time to but it will come. Genel is back and exploration is about to happen. So its all in place