Gabon commissions new port to accommodate more vessels.
In a bid to revamp its ports, Gabon have commissioned a new port harbor which is estimated to have cost US$ 300 million.
The port which took about 18 months to complete and was constructed in partnership with a Singapore company Olam Group and to be partly managed by Bolloré, a french logistics company, is part of a project aimed at modernizing the country’s existing Owendo port which is located near the its capital, Libreville and to expand the country’s economy.
The new harbor has extended the berth of the port by above 600 meters which in return have increased the ports container handling capacity to about 3 million tonnes annually.
It is believed by the country’s Authorities that in face of current declining crude prices, the port will play a key role in enabling Gabon’s economic diversification.