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DP World, a global trade facilitator, has signed a 20-year concession with the Republic of Mali to build and operate a modern 1,000-acre logistics center outside Bamako, the capital and largest city in Mali.
The Multimodal Logistics Platform, Mali Logistics Hub (MLH), will have Inland Container Deposits (ICD) and Containerized Freight Stations (CFS) to facilitate the import and export of goods .
located on the main road corridor linking Dakar to Senegal in Bamako and close to the Dakar – Bamako railway line and capable of handling 300,000 TEUs (equivalent twenty feet), 4 million tonnes of bulk and general cargo. The first phase of the project, with an initial investment estimated at $ 50 million, will support the growth of the Malian economy by streamlining the import and export of goods. Construction is expected to begin in 2019 and is expected to last approximately 18 months.
DP World will also provide the Republic of Mali with three locomotive trains to boost freight and pbadenger traffic along the Bamako-Dakar rail system.
In addition, the Mali logistics center will significantly reduce processing times for products entering the Malian market as part of efforts to reduce barriers to commercial and economic development. DP World will also implement its online facilitation platform to accelerate the movement of goods under the agreement.
The concession agreement was signed Monday to Suhail Al Banna, CEO and CEO of DP World Middle East and Africa and Moulaye Ahmed Boubacar, Minister of Equipment and Transport of the Republic of Mali, in the presence of Malian officials and the DP.
DP World President and CEO Sultan Ahmed Bin Sulayem said, "The Malian market is expected to grow over the next two decades and is driven by robust economic and demographic growth. much needed and will provide the country with a logistics platform that aims to facilitate the import and export of goods via the port of Dakar, which is operated by DP World
. goods and thus facilitate trade Moulaye Ahmed Boubacar, Minister of Equipment and Transport of the Republic of Mali, said: "We are delighted to collaborate with DP World and we are determined to facilitate trade in the region. Mali's logistics center will greatly improve the cost and time of trade for Mali.The project will provide us with a first-clbad logistics facility. will be comparable to global standards and will be the largest in terms of capacity. "
" We are confident that with DP World as a partner we will be able to meet the expectations of our people, our traders and exporters have access to more markets and bring more efficiency and profitability in international trade. The project also gives the Republic of Mali the opportunity to connect to global trade routes and to accelerate access and transportation in and out of the country. "
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