DP World and the government of Senegal, have signed agreements for the development of a deep water port, with US$837m investment in the first phase.
The new port at Ndayane is approximately 50kms from the Port of Dakar (PAD). 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, it has been 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.
Sultan Ahmed bin Sulayem, group chairman and CEO of DP World, said: “This will be DP World’s biggest port investment in Africa to date, and is a testament to our commitment to Senegal and belief in its potential for further economic growth. The new port will create jobs, attract new foreign direct investment to the country, and enable new trading opportunities that bring about economic diversification.”
Project plan
DP World Dakar SA, the local joint venture company between DP World and PAD, will develop and operate the 300-hectare (ha) container terminal, plus 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.
