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3 FAQs about Solar-powered 150-foot container at Benin port terminal

Does Benin need a new container terminal?

to support Cotonou's rehabilitation and modernization. In 2006, Benin was declared eligible for $307 million in assistance from the US Millennium Challenge Corporation, of which $169 were for port infra-structure improvements. However, the concession of a new container terminal

What is Africa Global Logistics (AGL) doing to improve container terminal capacity?

This financing is part of a €165 million investment plan led by Africa Global Logistics (AGL), a subsidiary of Mediterranean Shipping Company (MSC). This massive effort aims to: Increase container terminal capacity by 33% through longer and more quays. Equip the terminal with new cranes to improve handling and reduce waiting times.

How much money does IFC invest in Benin?

IFC has an active investment portfolio of $60.8 million in Benin and an advisory portfolio worth $1.5 million, with most of the focus in the financial sector. The World Bank's work in the country supports Benin's poverty reduction strategy to increase growth, access to basic services governance and institutional capacity building. About IFC

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