Gabon - GSEZ Port Project


Project Summary

Approval Date 14 Dec 2018
Signature Date 30 Apr 2019
Sovereign / Non-Sovereign Non Sovereign
Sector Transport
DAC Sector Code 21040
Commitment U.A 32,260,926.37
Status Implementation

Project General Description

The present project entails design, construction, and operation of a new general cargo terminal in Owendo, GSEZ ports in Republic of Gabon with capacity of 4m tons general cargo p.a. with auxiliary storage facilities for palm oil and grains. (“the Project”) The concession was awarded to GSEZ Ports SA in 2014, with the duration of 30 years. The Project has been designed to offer integrated ports and logistics services. The GSEZ Port Project is structured around the following two main commercial components: (i) port operations and (ii) logistics. Additionally, the new port will be dredged to 14 meters from the present 10 meters allowing bigger ships to berth including Panamax vessels. The project is also an important part of Gabon’s national strategy, PSGE, to diversify its economy. It will eventually contribute to Gabon socio-economic development, answering key infrastructure needs, diversifying the country's economy and improving its competitiveness.

Project Objectives

The objectives the project are to allow the entry of large vessels into the port of Owendo and transship containers and general cargo across the hinterland and countries of the sub-region. Terminal facilities will optimize Owendo port capacity and enhance economic benefits for the country and wider region.

Beneficiaries

The main beneficiaries of the project are the Gabon Special Economic Zone Ports SA (GSEZ Ports), the Government and the Gabonese populations, in fine.

Participating Organization

Funding
African Development Bank

Information

IATI identifier 46002-P-GA-DD0-002
Last Update 31 Oct 2019

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Contact Details

Email private-sector@afdb.org

Geographic Location

Country Gabon