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RE:News on Tadjoura port (financing)

[Jeremy2014]

Translation for those who don't understand the language of Molière...

Council of Ministers : 1, 2 billion francs to equip the future port of Tadjourah

April 16, 2014

The Head of State presided yesterday at the Palace of the Republic the eighth meeting of the Council of Ministers during which a particular approved a bill on ratification of a financing agreement of 1, 2 billion francs between RDD and the OPEC Fund for International Development . In addition , the Board has endorsed a draft decree on the transfer of property of the state to the SID .

The Council of Ministers met yesterday at the palace of the Republic for its eighth session of 2014 , approved a bill on ratification of a financing agreement for the construction project of the port of Tadjourah between the RDD and OPEC Fund for International Development .

Funding in the amount of 1, 2 billion francs will equip the future port of Tadjourah whose construction continues at a steady pace.

This port is dedicated to the export of potash Ethiopian create thousands of jobs in the North and allow the country to position itself as a regional sustainable logistics platform.

The Council of Ministers , second , approved a draft decree on the transfer of property of the State Property Company Djibouti (SID) which may well increase housing supply .

The executive then heard a statement made ​​by the Minister of Labour in charge of Administrative Reform on the progress of work on the reform of public administration , including the first installment on the renewal of the INAP .

Labour Minister briefed the President and his colleagues in the Government of missions to support INAP conducted with the assistance of ENAP Québec and stressed that the modernization of the INAP as a major axis of the reform of the public administration.