31 December 2012

Eritrea: Revised Maritime Tariffs Take Effect in 2013

Massawa — The Ports Authority in Massawa city indicated that the revised maritime tariffs would be operational as of January 2013. It made the statement at a seminar conducted in the port city with stakeholders, Administrations and other bodies.

Mr. Kidane Gebremichael, director general of the Marine Transport Department, gave extensive briefings regarding investment prospects related to the maritime sphere, and explained that the Government is striving to upgrade the capacity of ports through laying key infrastructures. Stating that the reviewing of maritime tariffs was accomplished in three stages, he disclosed that the tariffs which encourage exports are cost-based, flat rate and relevant to new operational activities, thus becoming supplementary to the new investment environment in the country.

Mr. Dawit Melake, General Manager at the Ports Authority, said on his part that the seminar was vital in creating awareness among related businesses, and called on potential investors to become beneficiaries of the new opportunities.

The participants expressed satisfaction with the seminar.

Copyright © 2012 Shabait.com. All rights reserved. Distributed by AllAfrica Global Media (allAfrica.com). To contact the copyright holder directly for corrections — or for permission to republish or make other authorized use of this material, click here.

AllAfrica publishes around 2,000 reports a day from more than 130 news organizations and over 200 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.