SUDAN TO MAKE OVER US$2BN FROM TERMINAL DEAL

Sudan has received EU410m euros from ICTSI out of a EUR530m down payment for Port Sudan’s container terminal. Credit: Sudan Sea Ports Organisation

The Sudanese government will make EUR2.13bn (US$2.44bn) over a 20-year period from a deal to transfer Port Sudan’s container terminal to Philippine port operator International Container Terminal Services Inc (ICTSI) to expand port capacity, a government official has said.

Ali Ahmed Abdelrahim, head of a technical committee in charge of contracting the project, said the deal aims to more than triple capacity at Port Sudan’s South Port Container Terminal, reported Reuters.

The 20-year contract will see ICTSI operate, manage and develop the port, the company said last month, with the handover expected to be completed by the end of March.

Sudan has received EUR410m from ICTSI out of a EUR530m down payment, Mr Abdelrahim said.

Earlier this month, Sudanese president Omar al-Bashir said the deal was being reviewed to ensure it was fair following a protest strike by workers. The workers went on strike against the “privatisation” of the port, managed by the government-controlled Sea Ports Coperation (SPC), who signed the concession deal with ICTSI subsidiary ICTSI Middle East DMCC on 3 January.

ICTSI said in a statement sent to Reuters last month that local stakeholders’ concerns were being addressed by Sudan Port Corporation and the Government of Sudan.

By Rebecca Jeffrey

Source:(https://www.portstrategy.com)