DP World inks deal to develop a $1 billion port in Senegal :

DP World inks deal to develop a $1 billion port in Senegal


DP World inks deal to develop a $1 billion port in Senegal
December 23, 2020,
by
Jasmina Ovcina
Dubai-based port operator DP World has signed a deal with the government of Senegal to invest a total of $1.127 billion to develop a deep-water port at Ndayane, Reuters reports.
The port will be developed by DP World Dakar, which plans to invest $837 million in the first phase, followed by another $290 million in the second phase. The company is also planning to develop a special economic zone next to the Port of Ndayane.
According to the Emirates News Agency, the phase 1 will include a new container terminal with 840 metres of the quay and a new 5km marine channel designed to handle 366m vessels and capable of handling the largest container vessels in the world.

Related Keywords

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