16 June 2008
The ports of Praia, Porto Novo, Palmeira, Vale dos Cavaleiros and Sal-Rei will undergo major refurbishment works in the next few months to increase the islands' capacity to receive bigger vessels and modernise Cape Verde's ports infrastructures.
The government is currently preparing a tender to choose a contractor for the various projects across the archipelago.
The country has seven ports in total; including the port of Mindelo on the island of Sao Vicente, which is currently Cape Verde’s major shipping port.
The new project, which according to Macauhub will cost 10 billion Cape Verdean escudos (around £73 million), will have a considerable impact on the country's already thriving economy, as well as its overall popularity among tourists and property buyers worldwide.
The project will be financed by the Cape Verdean government through an international bank loan. The Ministry of Finance and the Ministry of Infrastructure, Transport and Sea have also applied for an Investment Loan to the European Investment Bank.
