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GPA generates D1.2B in Ferry Services from 2001

Nov 25, 2022, 10:57 AM | Article By: Njie Baldeh

Ousman Jobarteh, the managing director of Gambia Ports Authority (GPA) has said that since the service of ferries was transferred to the GPA from GPTC by the government in 2001, the Authority has generated a total revenue of more than 1.2 billion dalasis, with the current assets of the company valued at D900 million.

The GPA MD made this statement during the Annual General Meeting of the Gambia Ports Authority Association; which recently took place at the GPA premises.

The Memorandum of Association and Articles of Association establishing the Gambia Ferry Services Company Ltd. in 2013 states the share ownership structure with 80 percent by GPA and 20 percent by Ministry of Finance.

Dilating on the partnership with foreign private operators at the GPA, MD Jobarteh said a new transformation is about to happen in their services, and with the support of government, substantial investment is in the making on infrastructure.

He said the planned investment in infrastructure would extend to the construction of a new terminal around the Half Die area. He said they would also invest in digitalisation to have end-to-end transactions that would be free of any human interference.

Mr Jobarteh reassures staff of GPA that the objective of management in all this investment drive is also to ensure job availability and security.

“As far as the ferries are concerned, we need to be aware that as a company, we are under the GPA,” he said, recalling the 2001 GPA-Finance Ministry MoU around the GPA-ferry services.

“In the Memorandum of Understanding, 80 percent is owned by GPA and 20 percent is owned by the Ministry of Finance.”

“As far as the staff welfare is concerned, it would be protected,” MD Jobarteh affirmed, assuring the staff that whatever transformation happens “is not going to set you back. The issue of job security would be a top agenda for management.”