African Development Bank finances expansion of Bandim port in Guinea Bissau

22 September 2006

Bissau, Guinea Bissau, 22 Sept – The African Development Bank (ADB) is set to provide US$8 million to fund the construction of a mooring ramp for industrial fishing vessels in the Guinea Bissau capital, officials said in Bissau Thursday.

Henrique Silva, the Guinean Fisheries Ministry’s infrastructure coordinator, said that financing had already been granted by the bank and that the ramp would be built in the port at Bandim, on the outskirts of Bissau.

The existing ramp will be expanded along a 360 meter stretch towards the sea, allowing for industrial fishing vessels to moor where so far only small vessels have been able to do so.

Infrastructures to support fishing will be built alongside the ramp, namely warehouses to store the fish, a fresh fish market – which does not so far exist in the country – and a store selling fishing items.

The Africa Development Bank’s project, which is considered to be one of the most important in the Guinean fishing sector, will take four years to be finished at which time its management will be transferred to the Guinean government.

The fishing sector, along with the cashew nut industry, is one of the main sources of income for the Guinean state, and each year accounts for revenues of US$50 to US$60 million. (macauhub)