Bollore signs port concession in Timor Leste
On Friday, June 3, took place the official signing ceremony of the concession contract for the new port of Tibar Bay, between Bolloré Transport & Logistics and the State of Timor Leste, in the presence of the Ministers of Transport Mr. Gastão de Sousa and Finance Mrs Santina Cardoso, and the Minister of Planning and Strategic Investment, former Head of State, former Prime Minister and independence leader Kay Rala Xanana Gusmão.
Following an international call for tenders launched by the Timor Leste authorities, Bolloré Ports, a division of Bolloré Transport & Logistics, was selected for the implementation of this project. The firm beat out competition from three other shortlisted companies: International Container Terminal Services, Inc. (ICTSI), Mota-Engil - Ambiente e Serviço, SGPS, S.A. (MEAS), and The Peninsular and Oriental Steam Navigation Company (POSNCO).
The global investment is set at US$ 490 million over the term of the concession.
As we reported on February 3, 2106, the project involves the design, construction, finance and operation of the new port for a period of 30 years.
It comprises the construction of a 630 meter wharf with a draught of 15 meters, the creation of a 27 ha yard along the western side of Tibar Bay and the acquisition of equipment, including 2 ship-to-shore cranes (STS) and 5 rubber tired gantry cranes (RTG) on start-up.Timor Leste‘s new container terminal will target productivity and performance levels in line with those of the world's biggest ports.
Three years of work will be necessary for the construction of the port.
Philippe Labonne, CEO of Bolloré Ports and Deputy CEO of Bolloré Transport and Logistics, stated:
"We are very proud to have been selected to work with the Timor Leste authorities. By facilitating trade, this project will give new impetus to the country's economy, for the benefit of all its inhabitants."
Country news
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February 03, 2016
Bollore wins Tibar bay port PPP project
The firm beat out competition from three other shortlisted companies: International Container Terminal Services, Inc. (ICTSI), Mota-Engil - Ambiente e Serviço, SGPS, S.A. (MEAS), and The Peninsular and Oriental Steam Navigation Company (POSNCO). Read more -
August 21, 2013
EOI launched for Tibar Bay Port PPP
The Government of Timor-Leste through the Ministry of Transport and Communications is seeking to develop Tibar Bay Port and invites private sector participation to enter into a Public Private Partnership arrangement for the Project.The Government will conduct a competitive bidding process to select a qualified and experienced investor/operator to design, build, co-finance, and operate the Project. Read more -
October 23, 2013
Timor Government launches RFQ for Tibar Bay Port PPP project
The Government of Timor-Leste represented by the Ministry of Finance and the Ministry of Transport and Communications, is seeking to award a project for a Public Private Partnership (PPP) for the design, construction, financing, and operation of the Tibar Bay Port under a 30-year Build Operate Transfer (BOT) concession through an international public tender limited by prequalification, in accordance with Timor-Leste law and international best practice, and is inviting interested eligible parties to submit a prequalification application. Read more -
March 17, 2014
Four firms shortlisted for Tibar Bay port PPP project
The Government of Timor-Leste has announced that it has pre-qualified four firms to tender for the new port to be built at Tibar Bay through a public-private partnership model. Read more -
October 30, 2014
Timor launches tender for building PPP project
The Government of Timor-Leste, through the Ministry of Petroleum and Mineral Resources and the PPP Unit of the Ministry of Finance, has launched a request for expressions of interest (RFEOI) for the Petroleum House building PPP project. Read more
