DP World to start development of Banana Port in the Democratic Republic of the Congo Sun 09th May 2021 | 07:00 PM (UrduPoint / Pakistan Point News / WAM - 09th May, 2021) KINSHASA, 9th May 2021 (WAM) - DP World, a leading global provider of end-to-end logistics solutions, is set to start the development of the deep sea port at Banana, following agreement on amendments to the initial contract between the company and the Government of the Democratic Republic of the Congo.
A term sheet summarizing the amendments to the contract, which was signed in Kinshasa by Guylain Nyembo Mbwizya, Chief of Staff to the Head of State, and Suhail Al Banna, CEO and Managing Director of DP World, middle East and Africa region, follows part of a review by the parties of some of the existing contractual document clauses signed in March2018, when DP World was awarded the 30-year concession to develop and manage the Banana Port.
Kinshasa: DP World, a leading global provider of end-to-end logistics solutions, is set to start the development of the deep sea port at Banana, following agreement on amendments to the initial contract between the company and the Government of the Democratic Republic of the Congo.
A term sheet summarizing the amendments to the contract, which was signed in Kinshasa by Guylain Nyembo Mbwizya, Chief of Staff to the Head of State, and Suhail Al Banna, CEO and Managing Director of DP World, Middle East and Africa region, follows part of a review by the parties of some of the existing contractual document clauses signed in March 2018, when DP World was awarded the 30-year concession to develop and manage the Banana Port.
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Dubai-based ports operator DP World will start development of a greenfield deepwater port in the Democratic Republic of Congo, following amendments to the initial contract between the company and the government.
A term sheet summarising the contract changes followed a review by the two parties of some existing clauses in the agreement signed three years ago, DP World said in a statement on Sunday. The objective of the amendments was to readjust the different obligations of the two parties under the project to better support the country s plans to develop its trade and logistics sector, DP World said, without specifying the changes.