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Construction of the Port of Tíbar reached 72% in december 2021

Construction of the Port of Tíbar reached 72% in december 2021

Construction of the Port of Tíbar. Tatoli's image// António Gonçalves

DILI, 22 february 2022 (TATOLI) – The construction of the Port of Tíbar reached, by the end of december 2021, 72%, reveals the document from the Ministry of Finance.

The Government, through the guarantee account of the Viability Fund managed by the Ministry of Finance, disbursed, between august and december 2021, 84.1 million US dollars to carry out the construction works in charge of the company Timor Port SA, concessionaire of the Public-Private Partnership (PPP) project at the port of Baía de Tíbar.

It is recalled that the construction of the Port of Tíbar reached 62.26% at the end of july last year, whose completion is scheduled for may 2022, with operations in June of the same year, says the document from the Ministry of Finance (MoF).

The Government of Timor-Leste, through the guarantee account of the Viability Fund managed by the MF, disbursed, between august 2019 and may 2020, US$64.7 million for the respective construction works.

“When construction is finished and operations begin, the Port of Tíbar Bay will replace the one in Dili so that import and export activities are allowed with an annual loading capacity of one million containers”, states the note.

The port will have a length of 630 meters and a width of 15 meters, 27 hectares of container yard and two berths that will allow for a reduction in the delay in releasing containers and transaction costs, facilitating the efficiency of customs services and commercial activities.

“This efficiency is considered an important step for the Ministry of Finance in the scope of fiscal reform and public finance management. It helps the Government and users of Porto to collect revenue in a faster, fairer and more transparent way”, guarantees the document.

The new port aims to support Timor-Leste in the diversification of domestic production, facilitating maritime connectivity with the Asian region, also connecting the country to the global market and improving access to trade and other industries.

The Port of Tíbar is built on a PPP basis, with US$130 million coming from the Viability Fund and US$150 million from Timor Port, a subsidiary of Bolloré.

The construction of this infrastructure has the collaboration of 1,240 workers, of which 792 are Timorese, equivalent to 63%.

The China Harbor company was contracted by Timor Port to build the port. Until the month of july, 65 companies were subcontracted with an amount of more than 20 million US dollars and with direct and indirect benefits for 378 workers.

The Port of Tíbar is considered a project of public interest, led by an inter-ministerial commission comprising the ministers of Finance, Public Works, Planning and Planning and Transport and Communications.

Port of Dili becomes tourist and commercial destination

On 28 july, the Council of Ministers approved the development plan for the restructuring and modernization of the Port of Dili. The objective is to transform this infrastructure into a tourist and commercial destination.

The plan was analyzed again on august 8th

“The Executive adopted the Public-Private Partnership (PPP) financing modality to be developed in accordance with the legal and regulatory framework in force”, says the Government statement.

The plan foresees that, after the transfer of the cargo port functions to the new port of Tíbar, it will be converted into a marina and cruise port.

According to the statement, this is a project of national importance, given its location in a central and fundamental strategic area in the city of Dili, its role as a maritime link to the populations of Oé-Cusse Ambeno and Ataúro and the potential to be a dynamic hub for the maritime tourism in Timor-Leste.

The Port Authority of Timor-Leste (APORTIL) will manage the development plan for the restructuring and modernization of the Port of Dili.

“This project, with a Public-Private Partnership modality and an estimated cost of more than 50 million dollars, aims to transform the Port of Dili into a tourism point, which includes cultural, recreational and residential resources. The project aims to create jobs and provide commercial opportunities for residents in the capital, developing the city and making it more attractive to domestic and international tourists”, he concludes.

Journalist: Isaura Lemos de Deus

Editor: Maria Auxiliadora/Rafy Belo

Translator: Camilio de Sousa

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