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DP World wins concession for greenfield Congolese Port of Banana
来源： 编辑：编辑部 发布：2018/03/28 14:09:17
DUBAI's DP World has won a 30-year concession with an option of a 20-year extension for the management and development of a greenfield multi-purpose port project at Banana, Democratic Republic of the Congo (DRC).
The Port of Banana will be the first deep-sea port in the country along its small coastline of 37 kilometres, which currently only has the river port of Matadi.
DP World will set up a joint venture with 70 per cent control, and the government of DRC holding a 30 per cent share, to manage and invest in the Port of Banana.
The first phase of the greenfield project, with an estimated initial investment of US$350 million, will include a 600-metre quay and 25-hectare yard extension with a container capacity of 350,000 TEU and 1.5 million tonnes for general cargo.
Construction is expected to start in 2018 and is expected to take two years. The initial investment of $350 million will be spread over 24 months and the total project cost of more than $1 billion over four phases will be dependent on market demand for the port.
Said DP World CEO Sultan Ahmed Bin Sulayem: "This deep-water port will have a major impact, attracting more direct calls from larger vessels from Asia and Europe, and ultimately acting as a catalyst for the growth of the country and the region's economy."
The Port of Banana will be the first deep-sea port in the country along its small coastline of 37 kilometres, which currently only has the river port of Matadi.
DP World will set up a joint venture with 70 per cent control, and the government of DRC holding a 30 per cent share, to manage and invest in the Port of Banana.
The first phase of the greenfield project, with an estimated initial investment of US$350 million, will include a 600-metre quay and 25-hectare yard extension with a container capacity of 350,000 TEU and 1.5 million tonnes for general cargo.
Construction is expected to start in 2018 and is expected to take two years. The initial investment of $350 million will be spread over 24 months and the total project cost of more than $1 billion over four phases will be dependent on market demand for the port.
Said DP World CEO Sultan Ahmed Bin Sulayem: "This deep-water port will have a major impact, attracting more direct calls from larger vessels from Asia and Europe, and ultimately acting as a catalyst for the growth of the country and the region's economy."