TIMOR LESTE: June 08, 2016. Bolloré Ports, a division of Bolloré Transport & Logistics, has won a 30-year concession to build and manage a container terminal at Tibor Bay, 12 kms from the country’s capital Dili, in a public-private partnership valued at US$490 million.
The new facility (right) will take three years to build and include a 630-meter wharf with a draught of 15 meters. Annual capacity will be 350,000 TEU.
Since 2009 the World Bank has been assisting the Timor-Leste government to rebuild national infrastructure, stabilize the economy and strengthen government institutions: “Timor-Leste has achieved significant progress over the last decade, including major gains in health and education and record expansion of the economy,” saidLuis Constantino, country manager of the World Bank in Timor-Leste. “Now is a critical time for [it] to translate this into long-term prosperity, with sound investments that improve lives and expand opportunities for the Timorese people,” he added.
Currently the World Bank is improving the road linking Dili with Ainaro in the south of the country to reduce the impact of natural disasters. This has involved essential emergency works in some of the most critical parts of the road that can become impassable during the rainy season. Seven different locations along the road have now been completed and the whole project will be finished by 2018.
Commenting on the new government partnership Philippe Labonne, deputy CEO of Bolloré Transport & Logistics and CEO of Bolloré Ports said: “We are very proud to have been selected to work with the Timor Leste authorities. By facilitating trade, this project will give new impetus to the country's economy, for the benefit of all its inhabitants.”
Bolloré Transport & Logistics, which has been operating in Timor Leste for 16 years, is one of the largest private employers in the country.