Thursday, July 17, 2014
Djibouti sues to rescind DP World's contract at Africa's largest container terminal
Djibouti has begun legal proceedings against DP World to rescind the port operator's concession at the Doraleh Container facility, Africa's largest container terminal.
"The resulting agreement unfairly favored DP World," the government said in a statement, which questioned payments made in winning the concession in 2000.
DP World owns one-third of Djibouti's Doraleh Container terminal.
"We categorically reject the allegations and will vigorously defend or position during arbitration," said a DP World spokesman to Reuters. "We are disappointed that the government has chosen to take this action after working so closely with us as partners over the past 14 years."
After talks with DP World fell apart, Djibouti launched arbitration proceedings in London.
"It is surprising the accusations come from a government whose parliament ratified our concession," said DP World, which will run the terminal until the case is resolved.
For more of the Somaliland Press story: somalilandpress.com
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