The Conversation (0)
Allana Potash Corp.(TSXX:AAA) announced that the Djibouti government is currently developing the country’s infrastructure. The Djibouti Port and Free Zone Authority is currently selecting contractors for the construction of a new port at Tadjoura. The Company also commented that highway construction is also connecting the Dallol potash region to Djibouti ports.
As quoted in the press release:
Allana Potash Corp.(TSX:AAA) announced that the Djibouti government is developing the country’s infrastructure. The Djibouti Port and Free Zone Authority is currently selecting contractors for the construction of a new port at Tadjoura. The Company also commented that highway construction is also connecting the Dallol potash region to Djibouti ports.
As quoted in the press release:
As released by the Djibouti Government, under financing to be secured from the Arab Fund for Economic and Social Development and the Saudi Fund for Development, the Djibouti Government-owned Port Authority will build and operate marine civil facilities and common services to be constructed with an initial 30 hectare yard and a 435 metre quay. Allana will continue to work with the Djibouti authorities to integrate the required potash storage and handling facilities into the new port plans.
Allana Potash, President and CEO, Farhad Abasov, said:
Allana is encouraged by the admirable progress made by the Djibouti Government in the ongoing development of the country’s transportation infrastructure. Allana understands that both the Djibouti and Ethiopian Governments are looking to the strategic Danakhil potash resource as one of the catalysts for the development of road, port and rail facilities critical to the continued economic growth within the region and we are pleased to have the opportunity to participate in supporting these developments.
Click here to read the Allana Potash Corp. (TSX:AAA) press release
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