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DP World to build new port in Senegal costing over $1 billion


By Reuters Staff
2 Min Read
FILE PHOTO: Terminal tractors line up to load containers into a cargo ship at DP World s fully automated Terminal 2 at Jebel Ali Port in Dubai, United Arab Emirates, December 27, 2018. REUTERS/ Hamad I Mohammed/File Photo
DUBAI (Reuters) - Global port operator DP World has signed agreements with the government of Senegal to develop a deep-water port at Ndayane worth a total of $1.127 billion, its biggest investment in Africa to date, the company said on Wednesday.
DP World Dakar, a joint venture between the Dubai-based logistics provider and the Port Authority of Dakar (PAD), will finance, design and develop land and maritime infrastructure for the new 600-hectare (1483 acres) port about 50 km from the existing port. ....

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DP World to build new port in Senegal costing over billion


DP World to build new port in Senegal costing over $1 billion
Global port operator DP World has signed agreements with the government of Senegal to develop a deep-water port at Ndayane worth a total of $1.127 billion, its biggest investment in Africa to date, the company said on Wednesday.
DP World Dakar, a joint venture between the Dubai-based logistics provider and the Port Authority of Dakar (PAD), will finance, design and develop land and maritime infrastructure for the new 600-hectare (1483 acres) port about 50 km from the existing port.
The agreement to build the port was reached after talks between President Mack Sall and DP World Chairman Sultan bin Sulayem and is in addition to existing plans for DP World to develop and operate a 300-hectare container terminal in the Port of Dakar. ....

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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. ....

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