The Senegalese government has launched one of its most ambitious infrastructure projects – the construction of a multi-million dollar deep-sea port.
The project, valued at 1.13 billion US dollars, is being developed by the Emirates Logistics company DP World.
It will be the second container terminal in the West African country after the port of Dakar.
The new project is located in Ndayane, a small settlement 50 km south of the Senegalese Capital.
DP World will develop and operate the 300 hectare container terminal in accordance with the agreement signed in December 2020.
President Macky Sall met on Monday at The foundation stone was officially laid as part of a fanfare-based ceremony.
The agreement provides for a joint venture between the Port Authority of Dakar (PAD) and the Dubai-based logistics service provider. implemented by a subsidiary of DP World in Senegal – DP World Dakar, which will be responsible for the financing, planning and development of the property and marine infrastructure over an area of 600 hectares.
According to the details of the agreement DP World in the initial phase of the project will develop around 840 m of quays and a 5 km long sea canal that can accommodate ships up to 366 m in. can accommodate length. During this phase, DP World will invest nearly $ 837 million.
In the second phase, a 410 m long container quay and other dredging will be added, which will allow the port to accommodate ships up to 400 m in length m to manage. Approximately $ 290 million is expected to be spent at this stage.
When completed, the port is expected to increase Senegal’s ability to handle the world’s largest container ships and its container handling capacity by 1.2 million TEU each . increase year.
The plan also provides for the port to serve as a cruise terminal as well as a residential and commercial area on the water. DP World also said it plans to develop a special economic zone next to the port of Ndayane.
Ndayane is a small fishing village in the northern Thies region. The plan to build a world-class port in the community was announced by President Sall in 2017.
The new port is strategic as it is close to the newly established Blaise Diagne International Airport.
The government says it will support the realization of President Sall’s ambitious economic development plan for the country – the Senegal Emergent Plan (PSE). It is also said to be the largest single private investment in Senegal’s history.
At the launch, the Senegalese leader said the project was part of a transformational effort by his government to stimulate the country’s economy and position it as a major trading center and Gateway in the region of the Economic Community of West African States (Ecowas).
“With this mega-project we are ready for the structural change in our economy,” said President Sall.
“It will be significant Open up economic opportunities for local companies, create jobs and increase Senegal’s attractiveness for foreign investors. We look forward to expanding our collaboration with DP World to include this project, which has already produced excellent results with the operation of the container terminal in the port of Dakar. ”
is Senegal recently became the second country to join the World Logistics Passport, a major Dubai initiative founded to increase trade opportunities between developing markets and further strengthen Dakar’s position as a trade hub for Africa.
The World Logistics Passport was created to overcome trade barriers such as logistical inefficiencies that are currently limiting the growth of trade between developing markets Future ”, noting that it also reflects the growing partnerships between Dubai and African markets aimed at developing the continent ent.
“As a leading pioneer in global trade, we will bring all of our know-how, technology and skills to this port project, the completion of which will support the development of Senegal over the next century,” he said.
The multinational logistics company DP World, founded in 2005 and based in Dubai, specializes in freight logistics, port terminal operations, sea transport services and free trade zones.
The company is in over 40 countries in Europe, the USA and Asia and Africa. In Africa, it has offices in seven countries – South Africa, Somaliland, Senegal, Mozambique, Egypt, Djibouti and Algeria.
Officials say the Senegal project is the continent’s largest investment yet.
Last month DP World signed an agreement for its eighth Africa operation – a project in the Democratic Republic of the Congo – to develop a deep-sea port in the coastal city of Banana, along the country’s 37 km long Atlantic coastline.
The DRC project, which will be billed as the first seaport in the war-torn nation, was originally signed in 2018.