China to Rehabilitate Major Port in the DRC: Reviving Trade Hub, Enhancing Mineral Export Infrastructure and Renovating Military Outpost
Posted Wednesday, April 7, 2021 at 5:36pm
On April 1, state-owned China Gezhouba Group Company (CGGC) signed a $127 million contract with the Democratic Republic of Congo (DRC) to rehabilitate and modernize the Port of Kalemie. Situated on Lake Tanganyika, the port city also serves as the Tanganyika province's capital and connects to other economic centers in the DRC, such as Lubumbashi and Bukavu, via road and rail networks.
Construction to Commence on $3.3 Billion Deep-Water Port in Algeria, Backed by Chinese Financing and Chinese State-Owned Contractors
Posted Friday, March 26, 2021 at 2:19pm
On March 22, it was reported that construction of Algeria’s new China-backed $3.3 billion commercial deep-water seaport would begin in May 2021 and take four years to complete. The new port, which will be situated near the town of Cherchell, is being constructed by a Chinese-Algerian consortium of companies that include state-owned China Harbour Engineering Corporation (CHEC), China State Construction Engineering Corporation (CSEC), and ...
Posted Wednesday, March 17, 2021 at 2:08pm
On March 14, it was reported that Huawei and Oman’s largest state-run telecommunications company, Omantel, entered into a tri-party “Proof of Concept” agreement with the operator of Sohar Port to deploy 5G and artificial intelligence capabilities at the port's container handling terminal. The agreement was the latest indicator of Chinese interest and/or investment in the port, building on expressions of interest from Beijing that were ...