Independent journal on economy and transport policy
04:28 GMT+1
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the Chinese group CMPort invests ulteriorly in the port of Djibouti
Constituted two joint venture in order to develop to new activity
January 17, 2017
The group Lowers Merchants Port Holdings Co. (CMPort) of Hong Kong invests ulteriorly in the port of Djibouti. After to have acquired a participation pairs to 23.5% in the Port De Djibouti in December 2012 and to have announced last year the intention to invest and to develop together to other partner the Djibouti International Trade Free Zones (DIFTZ), yesterday the Chinese company has undersigned comes to an agreement for the joint venture constitution of two, of which dedicating to invest and to finance the commercial and infrastructural development of the DIFTZ and the other in order to manage operatingly and commercially infrastructural projects in the within of the DIFTZ.
First joint venture is participated to 40% from the CMPort, 40% from its branch CMID and to 20% from the Cheer Signal, society integrally controlled from China Merchants Shekou Industrial Zones. In its turn the joint venture new will constitute joint venture of which it will stop 30% of the capital and that it will be participated to 60% from the Great Horn, a branch of the Djibouti Ports & Free Zones Authority, and to 10% from the Port of Dalian Group. These last joint venture will have exactly the scope to invest and to finance the development of infrastructural and commercial projects in the within of the DIFTZ.
Second joint venture will be participated to 26.7% from the CMPort, to 26.7% from the CMID, 13.3% from the Cheer Signal, to 25.0% from the Dalian Port and to 8.3% from the Port of Dalian Group and in its turn it will constitute other joint venture, of which it will stop 60% and that it will be participated to 40% from the Great Horn, that will be dedicated to the operating and commercial management of infrastructural projects.
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The group Lowers Merchants Port Holdings Co. (CMPort) of Hong Kong invests ulteriorly in the port of Djibouti. After to have acquired a participation pairs to 23.5% in the Port De Djibouti in December 2012 and to have announced last year the intention to invest and to develop together to other partner the Djibouti International Trade Free Zones (DIFTZ), yesterday the Chinese company has undersigned comes to an agreement for the joint venture constitution of two, of which dedicating to invest and to finance the commercial and infrastructural development of the DIFTZ and the other in order to manage operatingly and commercially infrastructural projects in the within of the DIFTZ.
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
