Hien Yacouba Sie News

China Eximbank Loans $875m for Container Terminal

China Eximbank has loaned Ivory Coast $875 million (approx.) for the construction of a second container terminal at Abidjan port, noted the port's  General Director. Ivory Coast plans to increase capacity at the port in its economic capital Abidjan, one of the busiest in Africa. The port serves as a gateway for landlocked nations to the north and a transit point for beans from the world's top cocoa grower. "The total cost of the project is about $875 mil," Hien Yacouba Sie told a news conference. "The financing has been concluded with China Eximbank," Sie said, adding that construction would include the enlargement of the Vridi canal, the construction of the second container terminal and a roll on/roll off terminal.