Somaliland Says Ethiopia to Benefit 19% Share of the Berbera Port Services

Posted by Doraleh On 05/06/2017 , 0 View

Somaliland Says Ethiopia to Benefit 19% Share of the Berbera Port Services
Somalia’s breakaway region of Somaliland has confirmed that it has accepted a demand by the Ethiopian government to get the right to access of the Berbera Port in Somaliland, Presidential spokesman said. UAE’s Dubai Ports World or DP World Port is contracted to manage the operation of the Berbera Port for 30 years in a controversial leasing agreement. “We have not decided on our side. It is the DP World that gave the Ethiopian Government to have 19% of access and usage of the port.” Somaliland Presidential Spokesman, Hussein Ige Dayr said in a press conference in Hargeisa on Saturday. He said Somaliland administration will maintain its role as supervising the managerial system of the port while Ethiopia will be the main consumer of the port services. In Mid last year, the global ports operator company managed to secure a landmark controversial deal which gives it the access to manage and control the operation of Somalia’s Red Sea Port of Berbera for 30 years by investing $442 during that period. Source: Hellenic Shipping News, 15th May 2017

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