$1.1 Billion Senegal’s postponed Ndayane Deep Waterport to be Constructed in Coalition with DP World
By Abdul Rahman Bangura-
NEW AFRICA BUSINESS NEWS (NABN) Freetown, Sierra Leone- Discovered South of the capital of Dakar, the port was establish to evolve the biggest port enterprise DP World has ever made in Africa.
The administration of Senegal in 2022 and DP World placed the initial boulder marring what they let out was the outset of the construction of the port. Nonetheless, twelve months delayed, undertaking has stayed in stand still thus, to the letdown of the administration of Senegal to deliver its percentage of financing for the project after agreeing on to boost Senegal’s investment in the project from 10 to 40% Macky Sall – Senegalese President has immediately declared openly that financing is in position and building of the port that is formulated to improve the nation’s stance as a major trade intersection and gateway to West Africa and Northwest Africa will start this month.
“We have lifted all the constraints linked to financing, and the state has met all its obligations so that this major project can start,” let out President Sall while opening the Second Dakar Financing Summit for Africa’s Infrastructure Development in the nation’s capital, Dakar.
Being the biggest single special venture in the record of Senegal, the port of Ndayane is anticipated to alleviate the anxiety on the port of Dakar, which has been tussling with congestion and inefficiencies. The new port will be found about 30 miles from Dakar and near to the Blaise Diagne International Airport.
Ndayane will be a contemporary, deep-water port with up to 10,000 feet of quayside when completely completed in 2026. It will be carried out in two phases. When finalized, the facility is foreseen to loosen crucial financial chances for local Senegalese businesses, create jobs, and enhance the nation’s beauty to foreign investors.
Phase 1, which is determined to amount to $837 million, will entail the growth of a container terminal with 2,750 feet of quay and a new three nautical mile marine channel formulated to regulate two 1,100-foot vessels equally. It will be able of dealing with the biggest container vessels in the world and will enhance container handling capacity by 1.2 million TEUs per year.
In phase 2, which will be implemented at a cost of $290 million, an extra container quay of 1,350 feet will be expanded. DP World’s strategies similarly contain the advancement of an industrial zone successive to the port and the Blaise Diagne International Airport, developing an integrated multimodal transportation, logistics, and industrial hub.
Presently, Senegal banks on the port of Dakar for its imports and exports. The port moreover serves as a gateway to neighboring landlocked nations like Mali, which depends on Dakar for two-thirds of its trade.
President Sall who is doubling as the Chairman of the African Union, Africa is grasping with huge infrastructure financing obstacles, a challenge that is aggravated by highinterest rates committed due to intuitions of the landmass as a high-risk destination.
For New Africa Business News (NABN) Abdul Rahman Bangura Reports, Africa Correspondent