Senegal inks deal with DP World to develop a $1 billion port
Port operator DP World, based in Dubai, has signed an agreement with the Senegalese government to invest a total of $1,127 billion in the construction of a deep-water port at Ndayane.
DP World Dakar, which plans to invest $837 million in the first phase, will build the port, followed by another $290 million in the second phase. Furthermore, the company plans to establish a special economic zone next to the Port of Ndayane.
According to the Emirates News Agency, Phase 1 will include a new 840-meter container terminal and a new 5-km marine channel planned to accommodate 366-million vessels and capable of handling the world's largest container ships.
In Phase 2, an additional 410 meters of container quay and further dredging of the marine channel will be created to handle 400-meter vessels.
The port agreement is the outcome of talks between President Mack Sall and Sultan bin Sulayem, the DP World Chairman. The project is in addition to the current plans for the construction and operation of a 300-hectare container terminal at the Port of Dakar by DP World.
Maritime Business World