The French holding group Bollore is looking to invest $150 million in a dry port in Guinea to ease shipment of goods through the country, the billionaire head of the conglomerate said.
The West African nation, the world's top exporter of bauxite, has just completed a transition to civilian rule that should restore foreign aid and investment after two turbulent years under military control. "We anticipate an investment program of $150 million to develop a dry port 15 kilometers from Conakry to facilitate transport towards neighboring countries," Vincent Bollore said Wednesday on Guinea state television.
The Bollore Group owns Bollore Africa Logistics and SDV another logistics provider that is expanding globally.
The port in Conakry handles nearly all goods shipped into Guinea, and to some land-locked neighbors like Mali. A project to extend the port has been caught up in a row between GETMA, which was awarded the contract, and rival APM Terminals.
The Bollore group has worked in Africa for decades and is involved in the management of a number of ports along the West and Central African coast.
-- Contact Peter T. Leach at firstname.lastname@example.org.