Dili. 26 January 2017 – The first PPP Steering Committee meeting for the Tibar-Bay Port Project was held on 26th January 2017 at the Knowledge Centre Conference Room of the Ministry of Finance.
The Project Steering Committee (PSC) consists of Minister of Public Work, Transport and Communication, Minister of Finance and Minister of Planing and Strategic Investment representing the Grantor. The role of the PSC is to oversee the implementation of the project and provide strategic decisions related to the Project with technical inputs from the Tibar Bay Port Project Management Unit (TBP-PMU).
The Inaugural PSC meeting was attended by Minister of Planning and Strategic Investment, H.E Kay Rala Xanana Gusmao, Minister of Public Work, Transport and Communication, H.E Gastão de Sousa and Vice Minister of Finance, H.E Helder Lopes. The meeting also marked the establishment of the PMU for Tibar Bay Port to manage and oversee the design and contruction of the port from the Grantor side.
The Tibar Bay Port will be the first Public-Private-Partneship (PPP) project in Timor-Leste and will be delivered by Bollore and its consortium under Timor-Leste registered company, Timor Port SA.
The port is currently at detailed design stage and it is expected to commence construction in October 2017. The commercial operation of the port is expected to commence 3 years after the construction starts.