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Written question asked by Louise Haigh (Labour) on Wednesday, 5 July 2023, in the House of Commons. It was due for an answer on Monday, 10 July 2023 (named day). It was answered by Andrew Mitchell (Conservative) on Monday, 10 July 2023 on behalf of the Foreign, Commonwealth and Development Office.

British International Investment: DP World

Question

To ask the Secretary of State for Foreign, Commonwealth and Development Affairs, how much British International Investment paid DP World between (a) October 2021 and March 2022 and (b) March 2022 and July 2023.

Answer

Ports are vital to the long-term prosperity of the African continent, yet Africa accounts for just 4 per cent of global containerised shipping volumes. British International Investment's (BII) partnership is supporting the modernising and expansion of three ports in Dakar, Sokhna and Berbera, helping to improve access to vital goods for 35 million people. By 2035, an estimated $51 billion in additional trade is forecast to pass through the ports, equivalent to 3 per cent of Senegal's and Egypt's GDP and 6 per cent of Somaliland's GDP.

In 2021, BII committed approximately $320 million to the joint venture. BII has so far disbursed $290 million, all of which has been disbursed between March 2022 to end of June 2023.

Secondary information

Type
Written question
Reference
192710
Session
2022-23
Related items
Subjects
Expenditure DP World British International Investment
Contains statistics
Yes
Link
View this Written question on www.parliament.uk