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$1.127 Billion Autographed between Global Port DP World and the Administration of Senegal to improve a Deep-Water Port at Ndayane
Posted On 24 Dec 2020
By Abdul Rahman Bangura–
Photo Credit: Unsplash
NEW AFRICA BUSINESS NEWS (NABN) Freetown, Sierra Leone- The Global port operator – DP World has ratified approvals with the administration of Senegal to improve a deep-water port at Ndayane worth a sum of $1.127 billion, its massive venture in Africa to date, the company asserted on December 23rd 2020.
DP World Dakar – a joint investment between the Dubai-based logistics provider and the Port Authority of Dakar (PAD), will subsidize, structure, and improve land and maritime infrastructure for the new 600-hectare (1483 acres) port about 50 km from the existing port. The consensus to assemble the port was accomplished after talks between
President Mack Sall and DP World Chairman – Sultan bin Sulayem and is in proliferation to prevailing proposals for DP World to formulate and administer a 300-hectare container terminal in the Port of Dakar.
DP World will capitalize $837 million in the first phase of the Port of Ndayane and is anticipated to expend $290 million on an intended second phase.
“The development of the new port at Ndayane will provide a strong engine of growth for the next phase of the Plan Senegal Emergent,” asserted Aboubacar Sedikh Beye, Director-General of PAD, citing to Sall’s Emerging Senegal Plan by its name in French.
DP World let out, the initial phase would include 840 meters of quay and a 5km marine channel formulated to regulate 366-meter vessels, with a next phase adding 410 meters of container quay and further dredging to handle 400-meter vessels.
It said that would enable the modification of the Port of Dakar into a blended usage residential and commercial seaboard and meander terminal. The company also announced, it was scheduling to expand a special economic zone following to the Port of Ndayane, which is about 20 km from the Blaise Diagne International Airport.
For New Africa Business News (NABN) Abdul Rahman Bangura Reports, Africa Correspondent
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Hope our Country Senegal benefit’s from this deal, our People and the current and future governments. Dakar Senegal. Idriss
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