Republic of Djibouti

Port of Tadjourah
(Supplementary Loan)

Loan No.:

619

Interest Rate:

2.5 %

Beneficiary:

Ministry of Equipment and Transport

Grace Period:

5 years

Project Cost:

KD 29.5 million

Maturity:

25 years

Amount of Loan:

KD 3.0 million

Repayment:

41 semi-annual installments

Date of Loan Agreement:

07/04/2015

First Installment:

5 years following the first disbursement

Date of Effectiveness:

-


Objectives:

The project aims at improving maritime transport services in the Republic of Djibouti. This will be achieved through the construction of a new port in the city of Tadjourah to meet the increasing marine traffic demand, thus contributing to the economic and social development of the country, particularly the northern region.

Description:

The project, which is expected to be completed in the first quarter of 2017, consists of the execution of the marine facilities works, including dredging and filling, the construction of a general cargo quay and breakwaters. The project also includes the construction of the infrastructure and buildings, the provision of the required equipment to operate the port, in addition to technical and consultancy services for its implementation. The main components of the project can be summarized as follows:

  1. Marine Facilities: This consists of dredging the port basin and entrance channel to a depth of about 14 m, and backfilling works used to reclaim sea areas in order to provide land space necessary for storage. It also consists of the construction of a 490 m quay made of cellular cylindrical cofferdams, two breakwaters to protect the port basin, a canal for wadi flood diversion, and gabion walls to protect the port area.
  2. Infrastructure, Buildings and Equipment: This includes of the paving of storage areas with about 20 thousand m2 of reinforced concrete and about 140 thousand m2 of asphalt concrete, in addition to the paving of roads inside the port. It also includes all civil and architectural works for management, storage and maintenance buildings, the construction of workshops for the maintenance of the mechanical equipment, and a maritime traffic control tower in addition to works for electricity, drinking water, sewerage and telephone networks, and other ancillary works. This component also comprises the acquisition of all land and marine equipment and devices necessary for the port operations, including the shipping of potash.
  3. Consultancy Services: This includes the consultancy services required for supervision of the project implementation.

Financing:

The two Arab Fund's loans, loan No. 577/2012 and the supplementary loan, cover about 44% of the total project cost. It is expected that each of the Saudi Fund for Development and the OPEC Fund for International Development will provide two loans equivalent to about KD 8.7 million (about 30%), and about KD 5.8 million (about 20%), respectively. The Government of Djibouti will cover the remaining cost of the project and any additional cost that may arise.


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