mtgfree you really need to educate yourself before making stupid posts.
2012-02-22 08:12 ET - News Release
Mr. Farhad Abasov reports
ALLANA REPORTS THE START OF THE TADJOURA PORT PROJECT BY GOVERNMENT OF THE REPUBLIC OF DJIBOUTI
Allana Potash Corp. has released an update. The government of Djibouti's Ministere de l'Equipment et des Transport, through the Djibouti Port and Free Zone Authority, has begun the prequalification process to select contractors for the construction of the new port at Tadjoura, Djibouti.
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. Further information on the Tadjoura port project can be found on the port authority's project website.
Farhad Abasov, president and chief executive officer, commented: "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."
Highway construction by government contractors is actively proceeding to connect the Dallol potash region with industrial-quality, paved roads both to the company's project development staging facilities in Mekele and to the southern highway to both the existing and new ports in Djibouti, which would be available with sufficient capacity to serve the project. Discussions are also progressing with government departments and private-sector operators regarding rail facilities linking road and port infrastructure. The company continues to expect that the infrastructure required for the company's Dallol potash project to reach full operation will be in place concurrently with or in advance of the company's projected construction period.