The concession of ports and airports in Equatorial Guinea was once again the subject of discussions on Thursday 24th November, at the meetings that H. E. Nguema Obiang Mangue held separately with the heads of the Ministry for Transport, the Port Administration, and Civil Aviation.
Held at the People’s Palace in Malabo, the working session provided a framework for studying the bids submitted by companies interested in managing the assets in these two sectors.
For that reason, the Vice-President once again summoned the heads of the sector, to look at the port management proposals presented by Abudabi Port from Saudi Arabia and Albayrak from Turkey. Equatorial Guinea will choose investors that satisfy Government expectations in order to maximise economic benefits generated by the ports.
The appointment was also attended by members of the State Treasury, Gepetrol and Geproyectos.
On the same day, Nguema Obiang Mangue also held a working session with Civil Aviation to discuss progress regarding the management concession at Equatorial Guinea’s airports, in addition to the possibility of privatising the Ceiba Group.
The Malabo administration is adopting these positions because it realises that current port and airport operations are not generating the necessary income to cover the investment made in these infrastructures.
In that respect, the Vice-President of the Council of Ministers stressed to commissioners the need for the firms to serve as a bridge to increase the flow of goods through Equatoguinean ports and airports, in order to reverse the low impact of these two sectors.
Source: Official Web Page of the Government