{"id":83668,"date":"2025-08-09T07:04:35","date_gmt":"2025-08-09T07:04:35","guid":{"rendered":"https:\/\/www.africa-press.net\/gambia\/uncategorized\/minister-sillah-clarifies-banjul-port-agreement-with-albayrak"},"modified":"2025-08-11T16:26:56","modified_gmt":"2025-08-11T16:26:56","slug":"minister-sillah-clarifies-banjul-port-agreement-with-albayrak","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/gambia\/all-news\/minister-sillah-clarifies-banjul-port-agreement-with-albayrak","title":{"rendered":"Minister Sillah Clarifies Banjul Port Agreement with Albayrak"},"content":{"rendered":"<p><span style=\"color: #ff6600\"><strong>Africa-Press &#8211; Gambia. <\/strong><\/span><b>Ebrima Sillah, Minister of Transport, Works, and Infrastructure, has provided details of the government\u2019s concession agreement with the Turkish-based Albayrak Group regarding operations at the Port of Banjul. Speaking on Coffee Time with Peter Gomez, Minister Sillah dismissed claims that the government had mortgaged the port to the company.<\/b><\/p>\n<p>According to the minister, all assets of the Port of Banjul\u2014including land, infrastructure, and equipment\u2014remain the property of the Gambia government. He explained that all movable assets and equipment were valued, after which Albayrak paid approximately \u20ac5 million to the government. However, ownership of these assets, he stressed, still rests with the state, and they will be returned at the end of the concession period.<\/p>\n<p>\u201cSo, indeed, the Gambia government actually earns 4% of the gross revenue of the concession,\u201d Sillah stated. \u201cThis is before they deduct any staff salaries, any overhead costs, and all other costs associated with running the port of Banjul.\u201d<\/p>\n<p>Using what he described as a simplified analogy, he noted that if total gross revenue is considered as 100%, the government receives 4% upfront, while Albayrak covers all staff-related expenses, which account for about 27% of the gross revenue.<\/p>\n<p>\u201cSo if you want to use a simple analogy, like say 100% of revenue, 4% of that gross revenue is actually given to the Gambia government before you do any deductions. Now, out of that, the remaining 96% of the gross revenue, Albayrak actually bears all staff costs, and staff costs of port revenues is estimated at 27%,\u201d he explained.<\/p>\n<p>Sillah explained that the revenue-sharing structure was determined after a careful review of operational risks associated with managing a port concession. He added that between 22% and 25% of annual gross revenue is also spent on movable assets, electricity, insurance, and equipment maintenance.<\/p>\n<p>\u201cThat is what Albayrak is sharing with the government. They are taking 80% of that profit, and we are taking 20%. Minus all other things that I have said.\u201d<\/p>\n<p>He further revealed that the agreement requires Albayrak to allocate 10% of its profit to a reserve account dedicated to investment in the planned Sanyang Deep Sea Port.<\/p>\n<p>Minister Sillah concluded that, based on the terms of the concession and ongoing implementation measures, the arrangement is ultimately beneficial to the Gambia Government.<\/p>\n<p><strong>For More News And Analysis About <span style=\"color: #ff6600\">Gambia<\/span> Follow <span style=\"color: #ff6600\">Africa-Press<\/span><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Africa-Press &#8211; Gambia. Ebrima Sillah, Minister of Transport, Works, and Infrastructure, has provided details of the government\u2019s concession agreement with the Turkish-based Albayrak Group regarding operations at the Port of Banjul. Speaking on Coffee Time with Peter Gomez, Minister Sillah dismissed claims that the government had mortgaged the port to the company. According to the [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":83667,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,12],"tags":[260],"class_list":["post-83668","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-policy","tag-gambia"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.1 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Minister Sillah Clarifies Banjul Port Agreement with Albayrak - Gambia<\/title>\n<meta name=\"description\" content=\"Ebrima Sillah, Minister of Transport, Works, and Infrastructure, has provided details of the government\u2019s concession ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/gambia\/all-news\/minister-sillah-clarifies-banjul-port-agreement-with-albayrak\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Minister Sillah Clarifies Banjul Port Agreement with Albayrak\" \/>\n<meta property=\"og:description\" content=\"Ebrima Sillah, Minister of Transport, Works, and Infrastructure, has provided details of the government\u2019s concession ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/gambia\/all-news\/minister-sillah-clarifies-banjul-port-agreement-with-albayrak\" \/>\n<meta property=\"og:site_name\" content=\"Gambia\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2025-08-09T07:04:35+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-08-11T16:26:56+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/gambia\/sites\/19\/2025\/08\/sm_1754711320.944309.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"720\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/gambia\/all-news\/minister-sillah-clarifies-banjul-port-agreement-with-albayrak#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/gambia\/all-news\/minister-sillah-clarifies-banjul-port-agreement-with-albayrak\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/gambia\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Minister Sillah Clarifies Banjul Port Agreement with Albayrak\",\"datePublished\":\"2025-08-09T07:04:35+00:00\",\"dateModified\":\"2025-08-11T16:26:56+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/gambia\/all-news\/minister-sillah-clarifies-banjul-port-agreement-with-albayrak\"},\"wordCount\":385,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/gambia\/all-news\/minister-sillah-clarifies-banjul-port-agreement-with-albayrak#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/gambia\/sites\/19\/2025\/08\/sm_1754711320.944309.jpg\",\"keywords\":[\"Gambia\"],\"articleSection\":[\"all news\",\"policy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/gambia\/all-news\/minister-sillah-clarifies-banjul-port-agreement-with-albayrak#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/gambia\/all-news\/minister-sillah-clarifies-banjul-port-agreement-with-albayrak\",\"url\":\"https:\/\/www.africa-press.net\/gambia\/all-news\/minister-sillah-clarifies-banjul-port-agreement-with-albayrak\",\"name\":\"Minister Sillah Clarifies Banjul Port Agreement with Albayrak - 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