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Togo Sea Wall/Quay Industry Analysis
The Seawalls and quays construction projects industry in Togo is still in its early stages of development. The country has a coastline of approximately 56 km along the Gulf of Guinea, but there are only a few ports and jetties that are operational. The government of Togo has recognized the importance of developing its ports infrastructure to attract foreign investment and boost the country's economy.
Currently, the only major port in Togo is the Port of Lom?, which is the country's largest and busiest seaport. It is a deepwater port that is capable of handling large vessels and has a container terminal that is operated by the Togo Terminal company, a subsidiary of the Maersk group. The port also has a dedicated oil terminal that is operated by the Soci?t? Togolaise de Stockage de Produits P?troliers (STP), which handles the majority of the country's oil imports.
In recent years, there have been several developments in the port infrastructure of Togo. In 2014, the government opened a new port in the city of Kp?m?, located approximately 25 km east of Lom?, which was designed to handle cement imports. In addition, the government has plans to develop a new deepwater port in the city of Baguida, located approximately 15 km east of Lom?, which will be capable of handling larger vessels and is expected to serve as a transshipment hub for West Africa.
Despite these developments, the Seawalls and quays construction projects industry in Togo still has a long way to go. There is a lack of infrastructure, financing, and skilled labor, which poses significant challenges to the growth of the industry. Additionally, corruption and bureaucracy can also be hindrances to investment in the country.
However, the government of Togo has shown a commitment to improving the country's ports infrastructure and has implemented several reforms to attract foreign investment. These reforms include the establishment of a one-stop-shop for investment, the liberalization of the telecommunications sector, and the adoption of the OHADA business law.
In conclusion, the Seawalls and quays construction projects industry in Togo is still in its early stages of development, but the government's commitment to improving the country's ports infrastructure is a positive sign for the industry's growth. The successful development of the new deepwater port in Baguida will be a key driver for the industry's growth in the future.
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