The Union of the Comoros and Moroni Terminal has signed the amendment to the concession agreement for the container terminal at the port of Moroni in the capital of Comoros.
This move provides for the implementation of an investment plan of US$10.2 million (5 billion Comorian francs).
In particular, it will enable the modernisation of the infrastructure and equipment at Moroni Terminal, operated by Bolloré Ports, to be continued, and surveys to be launched with a view to extending the large quay at the Port of Moroni, according to a statement.
“This is the beginning of a new phase, with new projects that we will implement. We will continue our investments to modernise Moroni Terminal with a two-fold objective: to improve the terminal’s productivity and to reinforce the positive impact of its activities on the Comorian economy”, said Didier Vandenbon, managing director of Moroni Terminal.
The signing of this amendment is in line with the “Comoros Emerging Plan” (Plan Comores Émergent, PCE) which is based on five strategic bases and aims to achieve a structural transformation of the Comorian economy and finance the expansion of sectors likely to accelerate growth in Comoros, including transport infrastructure.
“The Union of the Comoros has embarked on a major programme to promote the country’s development by 2030. Our investment is in keeping with these objectives and will support the structural transformation of the Comoros economy by positioning Moroni Terminal as a strategic infrastructure for developing international trade and supporting its subsequent development,” commented Olivier De Noray, ports and terminals managing director of Bolloré Ports.
