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AfricaMoney | July 25, 2017

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Mauritius to expand storage for onshore bunkering at Port Louis by end-2015

Mauritius to expand storage for onshore bunkering at Port Louis by end-2015

There will be an unprecedented level of investments over the next five years in the port infrastructure where “the port will become a key contributor to the development of the ocean economy, creating vast opportunities for our SMEs, and thousands of new jobs for our labour force,” according to Mauritius Finance Minister Vishnu Lutchmeenaraidoo. (Image: Wikimedia)

“Offshore bunkering activities will start before the end of this year, while storage facilities for onshore bunkering are being expanded significantly with the participation of international petroleum companies,” said Mauritius Finance Minister Vishnu Lutchmeenaraidoo during his budget speech on Monday 23, 2015.

According to him, “these efforts are part of a master plan to transform Port-Louis harbor from a destination port to a regional hub, thus, making Port-Louis harbor a hub for bunkering, seafood, transshipment, cruise and petroleum.”

He also noted that there will be an unprecedented level of investments over the next five years in the port infrastructure where “the port will become a key contributor to the development of the ocean economy, creating vast opportunities for our SMEs, and thousands of new jobs for our labour force.”

“Huge investments are already being made to expand the activities of the port, including extension of the berths at the Mauritius Container Terminal, refurbishment of three existing quays cranes, and development of the Island Container Terminal,” stressed the finance minister during the Budget announcement.

Furthermore, this development project also include extending the port from Grand River North West to Tombeau Bay, where this project has the potential of a double-digit contribution to GDP in the long-term. The sheer scale of that development warrants a well-thought-out strategy.

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