The Sultanate of Oman

Raysut Port Development

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Loan No.:	354	Interest Rate:	4.5%
Beneficiary:	Ministry of Communication	Grace Period:	4 years
Project Cost:	KD 60.5 million	Maturity:	22 years
Amount of Loan:	KD 15.0 million	Repayment:	37 semi-annual installments
Date of Loan Agreement:	24/03/1998	First Installment:	4 years following the first disbursement
Date of Effectiveness:	05/07/1998

 

Objectives:

The project would support the Omani national economy and support the private sector operating in the ports and marine transport through the development of a Hub port with an international container terminal to serve the transshipment between East Africa, the Indian subcontinent, Iran and the Gulf region.

Description:

The project, which is scheduled to be completed in the 1st quarter of 1999, comprises the construction of a large container terminal with all necessary equipment and facilities required for transshipment operation. The port basin and entrance channel will be dredged to enable receiving large container ships of the sixth generation. The project's main components include:

1. Dredging and reclamation: This includes the dredging of the port and access channel to a depth of l5m below sea level and reclamation of around 45 ha to provide land for container storage areas and construction of the container terminal station and related facilities.

2. Marine Civil Works: This component includes the construction of four berthing quays with a total length of 1,200m, pavement of storage areas and roads, supply and construction of rail roads for gantry cranes and construction of administration buildings and stores, and laying the various utilities networks.

3. Port and Container Terminal Equipment: This includes six gantry cranes, each of 45 ton capacity, twelve mobile cranes, 45 tractors, 60 trailers, forklifts, trucks and vehicles. It also includes various instrumentations necessary for the port operations.

4. Consultancy Services: These are provided for the preparation of design, specifications and tender documents, and also include supervision of works and training.

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