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.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
UN Credit rating agencies!!!