New port in Timor Leste inaugurated

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New port in Timor Leste inaugurated

New port in Timor Leste inaugurated

The port has an annual capacity of over 200,000 teu

Tibar Bay Deepwater Port has been inaugurated, with Timor Leste aiming to boost t aims to facilitate with China, North Australia and Asian countries.

As the first public-private partnership in the country, the new port aims to improve logistics services in Timor-Leste and responds to current developments in the maritime and port world.

Planned to become a regional transhipment hub, it will enhance Timor-Leste’s attractiveness within the Asia-Pacific region and accelerate the country’s economic development.

Philippe Labonne, CEO Of Bolloré Ports, said: “We are pleased with the completion of this major project, the largest to date in Timor-Leste. We are honoured by the trust the Timorese government placed in us and we have done our utmost to be worthy of it.

“We have been present in the country for many years and are proud of this new contribution to the local economy. Together, we will develop the activities of Tibar Bay Port with the ambition of positioning it as a reference infrastructure in the Asia Pacific region.”

The new platform, located 12 km from the capital Dili, received investment of US$490m and took four years to build.

It has a 630 m long quay with 16 m of draught and is equipped with two ship-to-shore (STS) cranes and four electric rubber-tyred gantry (e-RTG) cranes.

In its first phase of operation, the port will be able to accommodate 7,500 teu vessels and handle more than 200,000 teu annually.

The port was inaugurated by President of the Republic of Timor Leste, Dr José Ramos Horta, in the presence of the country’s Prime Minister General Taur Matan Ruak, along with Labonne and members of the Dili port community.