Public Private Partnership DiscussionIFAC, Kansas City April 7, 2009
Maersk’s role in International Food Aid • Core global carrier • Significant US-Flag market share • Not just an ocean business: • Significant investments in US landside infrastructure • Significant investment in foreign landside infrastructure
Maersk Sub-Sahara Presence • First call in Africa in 1910 • First Maersk Line call in 1958 • Significant expansion in 1986 (Ivory Coast, Togo, Benin) • Purchased Safmarine in 1998 • Today, offices in 35 countries, 2,200 employees
$170 million for Port of Cotonou Benin • 8.8 million people • Trade is key driver to future economic growth • 2006 MCC grant of $306M • Benefit 5 million • Lift 250,000 out of poverty
Port of Cotonou Key Challenges: • High congestion • Zoning limitations • Delays in expansion of current facilities • Upgrades and maintenance needed on current facilities
2005-2008 Terminal expansion Off-Dock facilities 2 mobile harbor cranes $28 million Port of Cotonou – Maersk Investments
MCC Project Project starts now (March 2009) Double berths to 4000’ Extend breakwater 1000’ Landside improvements Zoning Lighting Safety/Security $210 million Port of Cotonou - Expansion Project
Speed is relative; patience is required. Relationships at all points of contact are helpful and necessary. Efficient Landside Facilities Supply Chain Planning Lessons Learned Food Security • Thank You.