Plans are underway for the construction of the “New Mole Port” in the Republic of the Congo. Recently, AD Ports Group Managing Director and CEO met with the President of the Republic to discuss future cooperation on the proposed project.
The meeting, which comes following the signing of a Head of Terms (HoT) agreement for a new multipurpose terminal in Pointe-Noire, took place in Congo in Congo-Brazzaville.
The HoT agreement and its entails
The HoT agreement was signed in March 2023 between AD Ports Group and the Ministry of International Cooperation and Promotion of Public-Private Partnership of the Republic of Congo in Abu Dhabi.
As per the agreement, AD Ports Group will solely invest in the development, operation, and management of the “New Mole Port”. It will also provide the facility, which will handle containers, general cargo, break-bulk and other types of cargo, with digital services and technology solutions.
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The solutions will help enhance its efficiency, including the design, implementation, and operation of a single window. This is in addition to software development, digital architecture, business analytics, digital operations support, and digital transformation.
The HoT agreement is valid for one year from the date of signing. Reportedly, it could lead to a concession agreement subject to technical, legal, commercial, and environmental due diligence.
Significance of the “New Mole Port” in the Republic of the Congo
The port of Pointe Noire plays a key role in the economy and development of the nation and the wider region. Following this project, it is set to become a hub for trade and commerce in the region. It will also enhance job creation, providing knowledge transfer and connecting the Republic of Congo to global markets.
As a result, this will stimulate trade for the country, which is pursuing a new National Development Plan (NDP) focusing on economic diversification and resilient, inclusive growth.
