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Understanding the role of Foreign Direct Investment in port development

Colombo, February 15: Private sector investment and involvement in developing ports emerged as a significant requirement in the 1980s. By this time, many ports had become bottlenecks to the efficient distribution chains of which they are an essential component. Government investments into port development was categorized as White Elephant Syndrome due to the following three main problems, illustrated by port congestion and consequent chronic service failures, contributed to the gradual deterioration of service quality during this period.
The first reason for a lack of port service quality was the inability or unwillingness of many governments to invest in expensive port infrastructure or the misinvestment in infrastructure (providing facilities that were badly matched with the needs of foreign trade and shipping). During this period, a number of beautifully constructed port complexes became white elephants ....

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Gridlock: Presidential Task Team saved Nigeria from global shame, says Opeifa

Gridlock: Presidential Task Team saved Nigeria from global shame, says Opeifa
vanguardngr.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from vanguardngr.com Daily Mail and Mail on Sunday newspapers.

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BOC confident no port congestion will occur amid truck ban

BOC confident no port congestion will occur amid truck ban
Published December 15, 2020 9:38am
The Bureau of Customs (BOC) gave the assurance that ports would still be at manageable levels and no congestion will occur after a truck ban was reimposed on EDSA and C5 Road.
In a statement issued on Monday, Deputy Commissioner of Assessment and Operations Coordinating Group Atty. Edward James A. Dy Buco said the BOC will work with shipping lines and operators.
To ensure the unhampered delivery of services and avoid possible port congestion, the Bureau is closely coordinating with Shipping Lines and Terminal Operators as our proactive role in averting the unlikely event of port congestion,” Dy Buco said. ....

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BOC assures ports will be manageable despite truck ban

BOC assures ports will be manageable despite truck ban
inquirer.net - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from inquirer.net Daily Mail and Mail on Sunday newspapers.

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