DP Ports World Somaliland Final agreement

[Maroodijex]

https://www.youtube.com/watch?v=eP7kCudTJIU

[Maroodijex]

$62 million dollars will be released upon signing the contract to upgrade the current port to bring it to modern standards.

Another 160 million will be invested to build a brand new 400m deep sea port which is expected for completion in 2020.

An additional 400m deep sea port will be build depending on the capacity of the current port and the new port which will be completed 2020. If the capacity is at 75% then the money will be released to build it.

What have not been costed is the additional money that Dubai government will invest into the Berbera corridor.

[Maroodijex]

[img]http://www.liebherr.com/shared/media/ma ... 60x375.jpg[/img]

[Maroodijex]

http://www.liebherr.com/shared/media/ma ... 60x375.jpg

http://www.liebherr.com/en/deu/products ... ranes.html

Liebherr megamax cranes (3 of 10) at King Abdullah Port (Saudi Arabia). These cranes can handle the world's largest container vessels and can have an outreach in the region of 70 metres

[theyuusuf143]

Masha allah weeye, marhaday waxaas oo dhan wax inagala qabanayaan oo uu high way gu ugu muhiimsanyahay. Wadadu muhiimad dhaqaale oo aad u weyn bay inoogu fadhidaa. Waa in dawladu qalab waxay heli karto iyo waxay haaban kartaba Gelisaa banaynta dhulkay wadadu ku aadan tahay. Waayo dhulkaas waqooyiga hargeisa iyo Gobolka gebiley waxa degan dad beeralay ah , beeralayduna inta wanaagsan mooyee inbadan oo kale ayaan ogolayn inay beertooda laga taataabto. Si aanay hadhaw dadka wadada inoo dhisaya iyo beeralaydu isugu dhicin waa in dawladu hada sii banaysaa dhulkaas oo dhan, wixii aan ku qanacsanayna hada lala deal gareeyo ama aduun halagu qanciyo ama jeelka halagu guree. Muhiimadu waa inaan dadkeena iyo shisheeyuhu is arag.

[MayDay777]

Nice

[CigaalSHiiDaaDCFC]

Masha allah weeye, marhaday waxaas oo dhan wax inagala qabanayaan oo uu high way gu ugu muhiimsanyahay. Wadadu muhiimad dhaqaale oo aad u weyn bay inoogu fadhidaa. Waa in dawladu qalab waxay heli karto iyo waxay haaban kartaba Gelisaa banaynta dhulkay wadadu ku aadan tahay. Waayo dhulkaas waqooyiga hargeisa iyo Gobolka gebiley waxa degan dad beeralay ah , beeralayduna inta wanaagsan mooyee inbadan oo kale ayaan ogolayn inay beertooda laga taataabto. Si aanay hadhaw dadka wadada inoo dhisaya iyo beeralaydu isugu dhicin waa in dawladu hada sii banaysaa dhulkaas oo dhan, wixii aan ku qanacsanayna hada lala deal gareeyo ama aduun halagu qanciyo ama jeelka halagu guree. Muhiimadu waa inaan dadkeena iyo shisheeyuhu is arag.

[X.Playa]

$62 million dollars will be released upon signing the contract to upgrade the current port to bring it to modern standards.

Another 160 million will be invested to build a brand new 400m deep sea port which is expected for completion in 2020.

An additional 400m deep sea port will be build depending on the capacity of the current port and the new port which will be completed 2020. If the capacity is at 75% then the money will be released to build it.

What have not been costed is the additional money that Dubai government will invest into the Berbera corridor.

weligiinba iska mashxarada idoor qaad babies. Never mind this and that will be invested in the port ( wether DP invest it or not the port will be theirs for thrity years , and whatever they invest its their loss or their win) the question for idoor is , where the fuckk you will get a faken revenue for the next 30 years ???, that's the questions most fkked up low IQ idoors never consider nor answer.

[Maroodijex]

we need to diversity from relaying on Berbera alone as the source for the majority of revenue. I believe this will hasten the steps towards that endeavour.

It is not all doom and gloom, although, I suspect that there will short term pain but I think there is a longterm gain. The influx of activity as projected will more or less make for the shortfall of revenue.

[X.Playa]

we need to diversity from relaying on Berbera alone as the source for the majority of revenue. I believe this will hasten the steps towards that endeavour.

It is not all doom and gloom, although, I suspect that there will short term pain but I think there is a longterm gain. The influx of activity as projected will more or less make for the shortfall of revenue.

The influx of activity?? nice phrase but where this imaginary influx will come from? are you telling me Ethiopia will be the cash cow for DP!! are you kidding me?

You don't get it at all , let me break it down for you, DP will own the port for the next 30 years, they will expand the port gradually using their own money and naturally they have to get their investment back , meaning they will increase the port tax on people of Somaliland to extract their rent, so tell me where would Somaliland government get their revenue shortfall for the next 30 years?

[Maroodijex]

I concur that there will be a pain in the short term (2 or 3 years) before things start to pick up pace.

I don't have the ins and outs of the agreement specially the lease back details. But I assume that it will be a phased one in order to avoid shocks to revenues.

Moreover, the overarching problem with Somaliland is its reliance of a single income generating source i.e. Berbera port. We need to diversify and look for innovative ways to raise more income. These include changes to the tax system which currently only targets the small traders and border crossings.

We need to also stop relaying on imports. Somaliland looses losts of hard currency by importing 90% of its food needs and goods.

[X.Playa]

fancy English vocabulary but meaningless , you have not answered my question at all.

[Maroodijex]

So, I have a few more details about the agreement to lease Berbera Port to DP World Ports.

Profit sharing:

1. SL government will continue to collect Tax on all Goods and Services provided by the Port. The income currently collected via Taxation will only increase and not decrease.
2. The SL government will get a lease fee of 5 million dollars a year.
3. The SL government will get 35% of the profits from Port fees. The port fees include shipping fees, stevedoring fees and storage fees.

Investment:
1. DP World will release 60 million dollars to upgrade current port (new cranes, increase in storage facility and provide state of the art port technology).
2. DP world will start building a modern port which will be able to handle modern ships
3. The government of Dubai will provide funds to build the Berbera Corridor.


Other benefits that will be of good to Somaliland include a partnership of SL Government and Dubai to help create jobs by investing in farms and factories. And also allowing Somaliland citizens to travel to Dubai with SL passports.

[Togdeer]

Berbera anaka leh.