Port of Cotonou: BOAD approves a loan of $48.6 million for the construction of the Maritime Business Centre
business centre | logistics | SupplyChain | transport
Par Ibrahima DIALLO
22 December 2023 / 09:02

This contribution is a boost for the investment plan aimed at raising the standards of the facilities and strengthening the port of Cotonou in the current competition between West African port hubs.

The project to build a Maritime Business Centre (MBC) for the port of Cotonou has obtained partial financing of FCFA 30 billion (USD 48.6 million) from the West African Development Bank (BOAD), approved on 20 December 2023 during the 139th ordinary session of the Board of Directors.

The project aims to "centralise port administrative activities by grouping together the public and private entities operating in the port ecosystem". The work already underway since 2022 should ultimately boost the speed of operations and improve the efficiency of those involved in the port chain.

This infrastructure is one of 12 structural projects planned as part of the port's modernisation plan, budgeted at more than USD 400 billion.

In addition to CAM, the modernisation plan includes dredging the port, building a new 20-hectare bulk terminal, a 13-hectare buffer car park for wide-bodied aircraft, a 40-hectare logistics zone with several warehouses, logistics platforms outside the port, the development of a nautical service zone for the naval forces, and so on.

These various works should increase the port's annual capacity to over 20 million tonnes. Volumes handled at the current facilities are around 12.5 million tonnes.

Agence Ecofin

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