[ad_1]
Arabian Post Staff
DP World and the Government of Senegal, have signed agreements for the development of a deep water port at Ndayane, approximately 50kms from the existing port and near the Blaise Diagne international airport.
The new port will further reinforce Dakar’s role as a major logistics hub and gateway to West and North West Africa, and support the realisation of His Excellency, President Macky Sall’s ambitious economic development plans for Senegal, the Plan Senegal Emergent (PSE).
DP World’s concession for the Port of Dakar, already includes a plan to develop a new container terminal alongside the existing Container Terminal in the Port of Dakar. However, after discussions between H.E. Macky Sall, President of Senegal, and Sultan Ahmed bin Sulayem, Group Chairman and CEO of DP World, it was agreed that it would be more appropriate for Senegal’s development to carry out a more ambitious project and build an entirely new port outside of the city.
After constructive and detailed discussions, the agreements were signed in Dakar, between the Minister of Fisheries and Maritime Economy of Senegal, Alioune Ndoye, the Director General of the Autonomous Port of Dakar (PAD), Aboubacar Sedikh Beye, and DP World’s Chairman, paving the way for the development of the new port.
DP World Dakar SA, the local joint venture company between DP World and PAD, will not only develop and operate the 300-hectare (ha)container terminal but also finance, design and develop the land and maritime infrastructure of the new 600ha port. The first phase of this project will see an investment by DP World Dakar of US$837m, which will make it the single largest private sector investment in the history of Senegal and is expected to be followed by a second phase of investment of US$290m.
Phase 1 will include a new container terminal with 840m of quay and a new 5km marine channel designed to handle 366m vessels and capable of handling the largest container vessels in the world. Phase 2 will create 410m of additional container quay and a further dredging of the marine channel to handle 400m vessels.
The first phase of the Ndayane Container terminal will be operated alongside the existing DP World Dakar container terminal. Due to the Government’s vision for the development of the Port of Ndayane as a site for the next 100 years of port activities in Senegal, the container terminal will eventually have over 3 km of quay and 300 ha for the container yard. This will enable the existing Port of Dakar to be redeveloped into a mixed use residential and commercial waterfront and cruise terminal.
DP World is also planning to develop a special economic zone next to the Port of Ndayane to further strengthen the attractiveness of Senegal to foreign investors looking at the Ecowas region. The development of such an SEZ will become another strong driver for growth of the economy and generation of jobs for the next generation of Senegalese citizens.
Senegal recently became the second country to join the World Logistics Passport, a major initiative by Dubai established to increase trading opportunities between developing markets, further boosting its position as a trade hub for Africa. The World Logistics Passport has been created to overcome trade impediments, such as logistics inefficiency, that currently limit the growth of trade between developing markets.
[ad_2]
Source link
