Access Engineering enters Djibouti for road and port construction business

25 February 2015 06:06 am - 0     - {{hitsCtrl.values.hits}}

A A A

By Chandeepa Wettasinghe
Access Engineering PLC has further extended its international presence by opening a branch office in the Free Zone of the Republic of Djibouti to explore possibilities of road and port constructions in Djibouti.

“We are exploring the possibilities of road and port construction in Djibouti. We already have an engineer posted there to go through and process projects as and when they come,” Access Engineering Managing Director Christopher Joshua said.

He said that his company was given a license to operate in Djibouti following an introduction by China Merchant Holdings International Co. Ltd., which operates the Colombo International Container Terminal and has conducted business with Access Engineering.

Reports said that China Merchant Holdings obtained 23.5 percent of the shares in the Port of Djibouti for US$185 million, and is in the process of expanding it with an investment of US$ 400 million.

The international interest in Djibouti is due to its strategic location; as the entrance to the Red Sea, and therefore the shortest route between Europe and the Far East runs through a narrow strip of ocean between the small East African country and Yemen.

Joshua further added that Access Engineering is also contemplating civil engineering work in neighbouring Ethiopia.
 

  Comments - 0


Add comment

Comments will be edited (grammar, spelling and slang) and authorized at the discretion of Daily Mirror online. The website also has the right not to publish selected comments.

Reply To:

Name - Reply Comment




Public transport 'side-laned'?

“Miss, mantheeru neethiya nisa api bus passen yanna one. Ithin drop eka par

Land acquisitions in Hanthana and Knuckles Mountain ranges

Sri Lankans will soon lose their opportunity to boast about the rich biodiver

Wanathawilluwa forest clearance: Whodunit?

Days after the Anawilundawa Ramsar Wetland, situated in Puttalam District, ma

‘I’m scared to see her face’

On August 13, a woman happened to meet a child who was in desperate need of h