French company Bollore Africa Logistics is to invest ‘ 500-million in the Somaliland port of Berbera, a crucial lifeline for landlocked Ethiopia, a diplomat said Wednesday. Berbera, less than 300 kilometres east of the former French colony of Djibouti, faces Yemen on the Gulf of Aden and is the economic capital of Somaliland, a breakaway state more stable than the rest of Somalia. Bollore is about to invest ‘ 500-million in Berbera port to improve the port and create a new corridor to the hinterland.
Ethiopia is very excited about that, a French diplomat based in Addis Ababa said. The project is not completely finalised, but Bollore has a huge presence in West Africa and is interested in East Africa, the diplomat said on condition of anonymity. The company is part of a group owned by Vincent Bollore, a leader in West Africa s ports sector and close friend of French President Nicolas Sarkozy.
Somalia has the longest coastline on the continent and forms the horn of Africa, which juts out into the Indian Ocean and Gulf of Aden and commands access to some of the world s busiest maritime trade routes. Ethiopia has had good relations with the self-proclaimed government of Somaliland and is heavily reliant on the port of Berbera for supplies. The Bollore group confirmed to AFP in Paris it was interested in the project but did not elaborate further.
We have not made an offer yet and no amount has been agreed, a spokesperson said.
Under the agreement between the European Union and Central America, Panama expects to increase its future exports to Europe, which currently represents 22% of the country s sales. This agreement was signed in June 2012 by the European Union and six countries from the Central American Integration System (SICA). Panama, Nicaragua and Honduras are the only countries applying the agreement since August 1st, date established by both blocks.
Costa Rica, El Salvador and Guatemala have postponed applying the agreement due to technical delays related to topics such as intellectual property, origin/destination denomination, etc. This agreement, which was ratified by the European Parliament last December, has three main pillars: political dialog, cooperation and trade, being this last pillar the first to enter into force. Source: La Prensa, August, 2012.
http://www.prensa.com/uhora/economia/panama-oferta-exportacion-union-europea/195786 1 In News , Panama Logistics News by admin 4 on August 6, 2013 2 3 References ^ http://www.prensa.com/uhora/economia/panama-oferta-exportacion-union-europea/195786 (www.prensa.com) ^ View all posts in News (panamalogisticsnews.com) ^ View all posts in Panama Logistics News (panamalogisticsnews.com) ^ Posts by admin (panamalogisticsnews.com)
Written comments must be filed with the Board by July 10, 2013.
1 Comments may be submitted either via the Board’s e-filing format or in the traditional paper format. Any person using e-filing should attach a document and otherwise comply with the instructions at the E-FILING link on the Board’s Web site, at http://www.stb.dot.gov 1 . Any person submitting a filing in the traditional paper format should send an original and 10 copies to: Surface Transportation Board, Attn: Docket No.
FD 35747, 395 E Street SW., Washington, DC 20423-0001. In addition, send one copy of any comments to: Maquiling B. Parkerson, Norfolk Southern Corporation, Three Commercial Place, Norfolk, VA 23510.
Marc Lerner at 202-245-0390. Assistance for the hearing impaired is available through the Federal Information Relay Service (FIRS) at 1-800-877-8339. On June 26, 2013, NSR filed a petition under 49 U.S.C.
10502 2 for exemption from the provisions of 49 U.S.C.
11323 3 (a)(2) to lease the Line from BNSF pursuant to the Agreement. Under the Agreement, NSR will lease, upgrade, and maintain the Line and its connection to NSR’s No.
3 CJ main line as part of its undertakings that in turn are part of the Chicago Region Environmental and Transportation Efficiency (CREATE) Program.
2 NSR will replace the Line’s hand-thrown turnouts with power turnouts. The new turnouts will be controlled by NSR through a new remote controlled interlocker with BNSF supervisory control on BNSF-owned track.
The CREATE project, according to NSR, is intended to result in more fluid and efficient train operations over the numerous connections between major freight yards and main line tracks in the Chicago area, reducing congestion and delays and adding critical capacity to local rail freight infrastructure. NSR states that the Agreement is for an initial five-year term and that it contains no provisions that would limit its ability to interchange with third-party rail carriers as a result of entering into the proposed transaction. NSR also asserts that the proposed transaction meets the statutory requirements of 10502 and therefore warrants an individual exemption.
By issuance of this notice, the Board is instituting an exemption proceeding pursuant to 49 U.S.C.
10502 4 (b). NSR has requested that a final decision be issued and effective by July 15, 2013. The Board will attempt to accommodate that request, subject to the consideration of any comments that may be filed.
Decided: June 28, 2013. By the Board, Rachel D. Campbell, Director, Office of Proceedings.
Derrick A. Gardner, Clearance Clerk. FR Doc.
2013-16023 Filed 7-2-13; 8:45 am] BILLING CODE 4915-01-P References ^ http://www.stb.dot.gov (www.stb.dot.gov) ^ 49 U.S.C.
10502 (api.fdsys.gov) ^ 49 U.S.C.
11323 (api.fdsys.gov) ^ 49 U.S.C.
10502 (api.fdsys.gov) ^ 2013-16023 (www.federalregister.gov)