French company Bolloré Group has secured a contract from the authorities of East Timor to design, construct and operate the deepwater port at Dili.
Estimated to cost up to $424m, the project will be delivered under a public-private partnership agreement, which will last for 30 years.
Work will include the construction of a 630m wharf with a draught of 15m, as well as a 24-hectare yard. The port will incorporate modern container and general cargo handling equipment having a stevedoring capability for container ships carrying over 7,500 TEUs.
The project is anticipated to create more than 350 direct jobs and support launch of new businesses in the future port zone.
Bolloré Transport & Logistics deputy CEO and Bolloré Ports CEO Philippe Labonne said: “We are very proud to have been selected to work with the authorities of East Timor on this project.
“It will help to speed up the growth of the nation’s economy by facilitating trade with Asia and the rest of the world to the benefit of the whole population.”