DP WORLD TO INVEST OVER US$350m FOR PORT IN DR CONGO

Dubai company DP World to build and manage Port in Democratic Republic of the Congo (DRC).

DP World have just won a 30-year management and also development permit for a multi-purpose port in Democratic Republic of the Congo (DRC).

DP World operates multiple businesses from marine and inland terminals, maritime services, logistics and ancillary services to technology-driven trade solutions.  Its headquarters in Dubai.

The company will invest US$350m to construct a 600-meter quay and a 25-hectare yard extension. The seaport will a container capacity of 350,000 TEUs (twenty-foot equivalent units) and also 1.5 million tons for general cargo.

DP World will set up a 70:30 joint venture with DRC government for the Atlantic Coast’s Port of Banana. There is also an option of extending the deal for an extra 20 years.

DR Congo have long looked at developing a seaport that can contain larger vessels. The construction of the port is to begin this year and should take two (2) years to complete.