DP World has signed a 20-year concession with an automatic 20-year extension with the Republic of Mali to build and operate a 1,000 ha modern logistics hub outside of Bamako, the capital
The multimodal logistics platform, Mali Logistics Hub (MLH), will have inland container depots (ICD) and container freight stations (CFS) that will facilitate the import and export of goods.
The hub will be located on the main road corridor from Dakar, Senegal to Bamako and close to the Dakar-Bamako rail line and will be capable of handling 300,000 TEU (twenty-foot equivalent unit), four million tonnes of bulk and general cargo.
The first phase of the project will support the growth of the Malian economy by streamlining the import and export of goods. DP World will also provide the Republic of Mali with three locomotive trains to boost cargo and passenger traffic along the Bamako-Dakar rail system.
Sultan Ahmed Bin Sulayem, chairman and CEO of DP World, said, ?The Malian market is expected to grow over the next two decades and is driven by a robust economic and population growth. Thus, the Mali Logistics Hub is 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.?
The agreement was signed in Dubai on Monday by Suhail Al Banna, CEO, DP World Middle East and Africa, and Moulaye Ahmed Boubacar, minister of equipment and transport, the Republic of Mali, in the presence of Malian and DP World officials.
?DP World?s investment will significantly cut processing times for goods and thus facilitate trade. We are committed to enabling trade in the region and helping local businesses and people prosper, and look forward to working together,? Sulayem added.