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Ports and Maritime authority to announce investment ready projects in the ports and maritime infrastructure development value chain

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PMAESA - [http://www.pmaesa.org/images/PEN/port-sudan-feb-2016.jpg] PMAESA - [http://www.pmaesa.org/images/PEN/port-sudan-feb-2016.jpg]

The Port Management Association of Eastern & Southern Africa (PMAESA) will be announcing the status of investment ready projects in the ports and maritime sector. The announcement is scheduled to take place at the PMAESA Conference 2017 and Investor Forum to be hosted in collaboration with the Government of Zambia’s Ministry of Transport and Communications and the Development Bank of Southern Africa on 22-23 November 2017 at the aha David Livingstone Safari Lodge, Zambia.

The event is expected to host CEO’s and Senior Executives from Africa’s leading port authorities, port terminal operators and transport & logistics managers.

The reveal follows the announcement of Zambia’s strategic positioning to become Africa’s number one land-linked integrated ports, maritime and logistics management hub by 2030.

“This is an opportunity for all role players in the ports and maritime infrastructure development industry to hear directly from Government and the Port management authorities about investment ready and priority projects, how and when they will be tended and what the bidding process will entail as well as what financing is required”, said Minister Brian C. Mushimba, MP Minister of Transport and communications, Republic of Zambia

The forum is a collaboration between the region’s leading Development Finance Institutions (DFIs) and Port Authorities who have come together to agree on the investment ready priority projects which require funding and investment support.  “The acceleration of regional integration, structured investments, economic growth and promoting inclusivity of various approaches to boost intra-Africa trade has become even more paramount in ensuring Africa continues to develop at a rapid pace”, says, Ms Nozipho Mdawe, PMAESA Secretary General and Executive Secretary for the Pan African Association for Port Cooperation (PAPC)

To make the port of Mpulungu more competitive and unlock the full economic potential and opportunities the Great lakes region has to offer the following initiatives are being undertaken:

1. Feasibility study on the modernization of the Port of Mpulungu Harbour (USD 1.4 Million)

2. Development of infrastructure at the Port of Mpulungu (USD 60.4 Million)

3. Acquisition of water transport vessels to replace existing vessels (USD 40 million)

The Investor’s forum coincides with PMAESA’s 45th year celebrations and a PMAESA Ports Awards ceremony which will be held to recognize the achievements reached by each of the various African Ports from the PMAESA sub-region.  

About PMAESA

The Port Management Association of Eastern and Southern Africa (PMAESA) is the largest and most pertinent international association addressing logistics, port and maritime-related issues of the sub-Saharan Africa region which includes Indian Ocean Island Countries.  PMAESA’s membership jurisdiction in its 25 countries within the continent includes 11 land-linked member states with enormous river and waterways transporting both freight and people from their respected waterway Ports.

About Development Bank of Southern Africa:

The Development Bank of Southern Africa (DBSA) is one of the leading Development Financial Institutions (DFIs) in Africa. The DBSA provides financing, project preparation and implementation support for economic and social infrastructure in South Africa and the rest of Africa. Our mission is to improve people’s lives, boost economic growth and promote regional integration.

The strategy of the DBSA is linked to the objectives of the National Development Plan. The Government has guided that the DBSA Invest in large-scale infrastructure projects, especially in energy, transport, water and telecommunication.

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