DP World has said the first phase will include 840 metres of quay and a 5 km marine channel designed to handle 366-metre vessels, with a second phase adding 410 metres of container quay and further dredging to handle 400-metre vessels.
Sall, who is chairman of the African Union, told the summit that such projects remain under-financed, and when they do get finance, they are burdened by high interest rates and debts. "Africa has always paid a high price for its projects because of high interest rates," he said, adding that the continent needed to raise the issue with its partners.
UN Credit rating agencies!!!
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