From Business Standard

India is planning to extend a line of credit to The Gambia to expand and upgrade its Banjul port.

The West African nation has already received a $45 million line of credit (LoC). Pending due-diligence, an in-principle approval for credit to The Gambia has been granted.

Banjul is also the capital of The Gambia and the eponymous port located in the capital is planning to expand and upgrade its infrastructure. The assistance to The Gambia for port development comes even as the Indian government recently sanctioned about $85 million for their first overseas port project – the Chabahar port in Iran.

The Development Partnership Administration (DPA) wing under the Ministry of External Affairs (MEA) has considered the proposal and forwarded it to the shipping ministry for their comments on the proposal.

Read more at Business Standard