CPCS charts the way for Guinea’s multi-use port
New memorandum of understanding (MoU) gives CPCS and Norden the go-ahead to begin development of Konta’s new port to support trade and increase capacity for the next decades.
Agreement with Guinea’s government brings the country one step closer to having a new port expected for 2022.
This agreement means CPCS and Norden can now proceed to full project development. Key tasks include delivering feasibility and impact studies, marketing the project to private investors and identifying contractors who will build, maintain and operate the port.
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This MoU came to be when CPCS recognized that Guinea could benefit from having a second port. CPCS advisors therefore conceptualized its development as a commercially feasible project and approached the government for authorization.
“It’s not every day that a transport-related infrastructure project is being developed from scratch in Africa,” says CPCS’s infrastructure development and power expert Rob Graham. “We’re forging a new path to help solve Africa’s infrastructure problems.”
An additional operating port in Guinea is expected to significantly reduce congestion in the Port of Conakry and its surroundings. Other benefits include lower import and export costs as well as rendering the country’s economy more competitive.
CPCS is a management consulting firm that advises infrastructure leaders on challenges specific to transportation, power and public-private partnerships. The company is headquartered in Ottawa, Canada, with offices across Africa and globally.
Norden is a Copenhagen-based international shipping company founded in 1871.