Public Works Minister Discusses Rail, Port Projects with China
Algeria is moving to consolidate its economic partnership with Chinese companies and financial institutions, with recent discussions focusing on the port and financial sectors. These talks included potential Chinese funding for significant infrastructure projects, particularly in railways and port facilities.
Algeria is advancing its economic partnerships with Chinese enterprises and financial institutions, targeting the crucial port and financial sectors. This strategic push was underscored by the Minister of Public Works and Basic Infrastructure, Abdelkader Djellaoui, who recently hosted two high-level Chinese delegations in Algiers to discuss reinforced cooperation and investment in key infrastructure projects.
During a meeting with the Chairman of China Harbour Engineering Company (CHEC), Bai Yingan, discussions centered on expediting current port projects and exploring new avenues for collaboration. Particular attention was given to the progress of the Annaba phosphatic port expansion, which includes the construction of a mineral quay. Minister Djellaoui emphasized the importance of adhering to contractual deadlines for this strategic infrastructure, vital for the country's phosphate value chain and port development. The talks also covered the joint Algerian-Chinese company dedicated to port dredging operations and the broader expansion of partnerships in port infrastructure development.
Separately, Minister Djellaoui met with Chen Huaiyu, Chairman of the Export-Import Bank of China (Exim Bank), with the Chinese Ambassador to Algeria, Dong Guangli, also present. This meeting focused on mechanisms to strengthen the bank's contribution to financing Algeria's basic infrastructure projects, specifically in the railway and port domains, through bank loans. Both parties reviewed future partnership prospects, aiming to mobilize necessary financing for major strategic projects and consolidate cooperation between the two nations.
