DP World Wins 30-year Congo Port Con­ces­sion

Africa Outlook - - News -

DP World said re­cently that it had won a 30-year management and de­vel­op­ment con­ces­sion for a green­field, multi-pur­pose port in the Demo­cratic Repub­lic of the Congo (DRC).

The Dubai-owned port op­er­a­tor will set up a joint ven­ture with the Cen­tral African coun­try’s Gov­ern­ment to man­age and in­vest in the At­lantic Coast’s Port of Banana, it said in a bourse state­ment.

An ini­tial $350 mil­lion will be in­vested to con­struct a 600-me­tre quay and a 25-hectare yard ex­ten­sion with a con­tainer ca­pac­ity of 350,000 TEUs (twenty-foot equiv­a­lent units) and 1.5 mil­lion tonnes for gen­eral cargo.

Congo has long looked to de­velop a port along its less than 50 kilo­me­tres of coast­line to han­dle larger ves­sels than those that can reach its ex­ist­ing shal­low ports up the Congo River.

The award in­cludes an op­tion to ex­tend the con­ces­sion for an ad­di­tional 20 years.

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