Showing posts with label CHEC. Show all posts
Showing posts with label CHEC. Show all posts

Tuesday, June 17, 2025

China Looks to Reenter Libyan Infrastructure Market

 Libya Review published on 16 June 2025 an article titled "China's CHEC Considers Expanding Operations in Libya."

The China Harbour Engineering Company is looking at engaging in the third phase of Libya's Sirte Ports development by providing Chinese expertise in deepwater berth construction and port operations.  

Monday, March 24, 2025

Algeria Cancels Major Port Project to Be Financed and Built by China

 Arabian Gulf Business Insight published on 19 March 2025 an article titled "Algeria Cancels Deep-water Port Project with China" by Chris Hamill-Stewart.

Algeria has shelved a $3 billion project to build a deep-water port at Cherchell, about 90 kilometers west of Algiers.  Algeria signed an agreement in 2016 with the China State Construction Engineering Corporation and China Harbour Engineering Company to build the port. China Export-Import Bank was to finance the project and Shanghai Ports to operate it for the first 25 years.  Several reasons were given for the cancellation.  

Wednesday, March 12, 2025

China's Strategic Port Development in Africa

 The Africa Center for Strategic Studies published on 10 March 2025 an analysis titled "Mapping China's Strategic Port Development in Africa" by Paul Nantulya.

Chinese firms are present in about one-quarter of Africa's 231 commercial ports.  In some cases, Chinese firms dominate the entire port development effort from finance to construction, operations, and share ownership.  This increases access opportunities for the People's Liberation Army Navy vessels.  

Sunday, May 26, 2024

China Provides Loans for Cameroon's Port Expansion

 The South China Morning Post published on 26 May 2024 an article concerning Chinese loans continue to support Cameroon's seaport initiative by Jevans Nyabiage..

The China Export-Import Bank provided about $1.48 million in loans to build the first and second phases of Cameroon's Kribi port on the Atlantic as well as a highway leading to it.  China Export-Import Bank is providing two loans to expand the port--$524.5 million preferential export buyer's credit and $150 million concessional loan.