The ambitious refurbishment and repurposing of the Port of San Pedro got under way in the Ivory Coast, a project valued at approximately 1.45 billion EUR. A study phase was launched back in 2014 and should be completed within 2015. The project will be built in two stages: the first, with a predicted investment of 650 million EUR, includes construction of new fuel and iron- and manganese-working terminals. Funding will be accomplished by means of public tenders or through international or regional funds. The second phase will comprise the so-called mining project, and will require private sector investments for 80% of the costs. The San Pedro region offers a variety of business opportunities ranging from tourism to agriculture, industry and infrastructure, not to mention the city’s enormous demand for housing.