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EU funding for Ghana port development study

27th of November, 2008

The European Union has committed €1.4 million to support the delivery of Ghana's Western Corridor Feasibility Study, which aims to identify investment potential in the Port of Takoradi and surrounding infrastructure.

Oakajee port finalisation date extended

27th of November, 2008

The State Government of Western Australia and Oakajee Port and Rail have indicated that they will wait for an indication of possible Federal funding from Building Australia before finalising an agreement on the development of Oakajee Port.

COSCO agrees 35-year Greek concession for ?831 million

27th of November, 2008

COSCO Pacific Ltd., the terminal operator arm of the COSCO Group, has clinched a deal to win a 35-year franchise operating right of the No. 2 and No. 3 terminals at the Port of Piraeus in Greece for €831 million.

WICET Holdings preferred developer for $4 billion project

26th of November, 2008

The Premier of Queensland, Australia, has announced a deal that will see the WICET Holdings consortium of companies granted 'preferred developer status' for the new Wiggins Island coal terminal to be built in the Port of Gladstone, providing $4 billion in private funding to the project.

ICTSI completes PHP6.85 billion financing deal

26th of November, 2008

A group of Philippine-based commercial banks and institutional investors has agreed a deal for the provision of medium term credit facilities totalling Php6.85 billion (approximately US$140 million) to International Container Terminal Services, Inc. (ICTSI). 

Cook Islands' Avatiu Port to receive $15.5m from ADB

23rd of November, 2008

The Asian Development Bank (ADB) is to provide a financial assistance package of $15.5 million to expand Avatiu Port, the main international port of the Cook Islands handling 90 per cent of imports by sea.

CMA CGM in major Chinese investment project

21st of November, 2008

CMA CGM has unveiled its plans to invest in the construction and management of a deep water container terminal in the port of Xiamen, together with its partners New World Services Holding Ltd and Xiamen Haicang Investment General Co.

Port of Los Angeles projects to top $383m

21st of November, 2008

The Port of Los Angeles has reported that it will award an estimated $383.7 million in construction contracts by the end of 2008, spread over a range of development projects.

Mundra Port, Wallenius Wilhelmsen, and NYK sign terminal MOU

19th of November, 2008

Mundra Port and Special Economic Zone (MPSEZ), Wallenius Wilhelmsen Logistics (WWL) of Norway, and Nippon Yusen Kabushiki Kaisha (NYK) of Japan have signed a Memorandum of Understanding (MOU) for the development of a new dedicated automobile terminal at the Indian facility.

Grant funding for Port of Toledo

13th of November, 2008

Lieutenant Governor of Ohio Lee Fisher has announced the award of $46 million in Job Ready Sites programme grants and $4.5 million in other state infrastructure grants for projects at 12 commercial sites throughout the state, which will include development of the Port of Toledo.

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