Privatization of ports in Cabo Verde attracts 11 foreign companies

16 October 2015

Eleven European and Asian companies have expressed interest in the privatisation of port activities in Cabo Verde (Cape Verde) and more than half meet the technical requirements to proceed to the second stage of the tender, the chairman of state port management company Enapor said in Praia.

The chairman of Enapor – Portos de Cabo Verde, Carlitos Fortes, said the second stage of the tender was due to begin later this month and that the possible conclusion of the process, with the choice of one or more operators for the four main ports, could be as early as the first quarter of 2016.

Fortes, cited by weekly newspaper A Semana, also said that the state institution in charge of the privatisation – Unidade das Participações e Parcerias Público-Privadas – was in the process of selecting the companies that should carry over to the next stage and finalising the specifications of the port operations concession process, to submit to government approval.

The list includes companies from Portugal, the United Kingdom, the Netherlands, Philippines, Turkey, China and Singapore.

No Cape Verdean company put forward a proposal, either individually or in partnership, both for a lack of financial capacity to guarantee investments in four the international ports tendered and technical expertise to increase cargo flow.

Only operations in the ports of the islands of Sao Vicente, Santiago, Sal and Boa Vista are up for tender as they are the most profitable and the only ones with the capacity to receive international traffic. Cabo Verde’s other ports will remain under the direct management of Enapor. (macauhub/CN/CV/PT)