P&O Ports and Putland enters into a concession agreement to develop $336m portApr 10, 2017: Putland and P&O Ports has signed concession agreement for the development and management of a multi-purpose port project at Bosasso in the Puntland State of Somalia. The port will be located in Puntland an autonomous state within Somalia, which has been wracked civil conflict since the early 1990's. This will also see significant investment in an IT and terminal operating system, mobile harbour cranes and container handling equipment. It fits ideally into P&O Port’s mandate to invest in multipurpose ports in emerging markets, employing local people and developing skills. In return, the state of Puntland will benefit from an internationally recognised port operator contributing to its economic growth and trade potential.”The Port of Bosaso is located in Puntland State of Somalia, 2,000 kilometer north of Mogadishu.

Source: The North Africa Journal April 10, 2017 08:37 UTC