{"id":2361,"date":"2016-07-13T16:18:00","date_gmt":"2016-07-13T15:18:00","guid":{"rendered":"https:\/\/portstrategy.nfdtesting.uk\/greenport-congress\/2016\/07\/13\/world-bank-loan-for-port-harcourt\/"},"modified":"2016-07-13T16:18:00","modified_gmt":"2016-07-13T15:18:00","slug":"world-bank-loan-for-port-harcourt","status":"publish","type":"post","link":"https:\/\/www.portstrategy.com\/greenport-congress\/news\/africa\/world-bank-loan-for-port-harcourt\/","title":{"rendered":"World Bank loan for Port Harcourt"},"content":{"rendered":"<p>The aim behind the new terminal currently being constructed at Port Harcourt in Nigeria&#8217;s Niger Delta, will be to help increase the country&#8217;s non-oil exports.<\/p>\n<p>It will be used to ship 2 million tonnes of dry bulk urea exports per year from Indorama Eleme&#8217;s fertiliser plant.<\/p>\n<p>It\u2019s a joint venture between Indorama Eleme Petrochemicals Limited and Oil and Industrial Services Limited and will cost $150 million in total to build.<\/p>\n<p>Finance for the terminal is made up of The IFC grant plus an additional $31.5 million loan for the terminal from Rand Merchant Bank.<\/p>\n<p>Nigeria currently relies on crude oil sales for around 90% of its foreign exchange, but it\u2019s suffering from a plunge in oil prices spurring the government on to steer the economy towards other trading goods.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The World Banks private sector arm, the IFC, has granted $73.5 million for the build of a new port terminal in southern Nigeria, says Reuters.<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[45],"tags":[],"sponsor":[],"class_list":["post-2361","post","type-post","status-publish","format-standard","hentry","category-africa"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.portstrategy.com\/greenport-congress\/wp-json\/wp\/v2\/posts\/2361","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.portstrategy.com\/greenport-congress\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.portstrategy.com\/greenport-congress\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.portstrategy.com\/greenport-congress\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/www.portstrategy.com\/greenport-congress\/wp-json\/wp\/v2\/comments?post=2361"}],"version-history":[{"count":0,"href":"https:\/\/www.portstrategy.com\/greenport-congress\/wp-json\/wp\/v2\/posts\/2361\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.portstrategy.com\/greenport-congress\/wp-json\/wp\/v2\/media?parent=2361"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.portstrategy.com\/greenport-congress\/wp-json\/wp\/v2\/categories?post=2361"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.portstrategy.com\/greenport-congress\/wp-json\/wp\/v2\/tags?post=2361"},{"taxonomy":"sponsor","embeddable":true,"href":"https:\/\/www.portstrategy.com\/greenport-congress\/wp-json\/wp\/v2\/sponsor?post=2361"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}