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Tag Archives: African Development Bank and a consortium of Chinese banks

Algeria to Build New Deepwater Port

The Algerian government has approved plans for the construction of a new $3.3 billion deep water port at El Hamdania. The port will include 23 berths, with a 20-meter (66-foot) draft, and will have an annual handling capacity of 6.3 million TEUs per year. This would make it Africa second largest container port after Morocco’s Tanger Med with a nine ...

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