The Seychelles Ports Authority has received $41 million for the extension and rehabilitation of Mahe Quay, the main commercial port on the main island of Mahe.
The amount has been secured by the Seychelles government through loans and a grant from the island nation’s European partners.
Two loans together worth $35 million are from the Agence Française de Développement (AFD) and the European Investment Bank (EIB). The European Union (EU) has also provided a grant of around $6 million.
In a signing ceremony between Seychelles and its partners at State House on Thursday, the Minister responsible for Tourism, Civil Aviation, Ports and Marine, Maurice Loustau-Lalanne, said that the modernization of the port is long overdue since it became operational in 1973.
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Source: Seychelles News Agency
