West African port authority signs 30-year concession for new dry bulk export terminal
The terminal is designed to handle bauxite and other mineral exports with a planned capacity of several million tonnes per year.
A West African port authority has signed a 30-year concession agreement with a private consortium to develop and operate a new dry bulk export terminal, according to an official statement.
The facility is intended to serve bauxite and other mineral exporters and will include conveyor systems, stockyards and deep-water berths able to accommodate Panamax and, in later phases, Capesize vessels.
Construction is expected to proceed in phases, with first exports targeted within three years of financial close. The consortium includes terminal operating and mining interests, the statement said.
The project adds to a series of infrastructure investments along the West African coast aimed at reducing reliance on transhipment and improving cargo turnaround for bulk carriers.
For dry bulk owners, additional direct-loading capacity in the region could support tonne-mile demand on routes to Asia over the medium term.
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