https://www.engineeringnews.co.za
Construction
Construction
construction

DP World says Congo port concession terms amended

10th May 2021

By: Reuters

  

Font size: - +

Dubai State-owned port operator DP World said on Sunday it had agreed with the Democratic Republic of Congo to amend its contract for a 30-year port concession.

DP World said the two sides had signed a term sheet summarizing the amendments following a review of some of the clauses signed in March 2018.

DP World did not disclose what the amendments were, though said they were made to better support President Felix Tshisekedi's plans to develop the trade and logistic sector.

DP World is set to start the development of the deep sea Banana Port, which is expected to take two years, it said, without specifying when construction would begin. DP World was awarded the concession to develop and manage the Atlantic Coast port in 2018 through a joint venture with the government.

At the time, DP World said it would hold a 70% stake, leaving the remaining 30% with the government. Construction was to start that year and be completed within two years.

Edited by Reuters

Comments

Latest News

Showroom

Rittal
Rittal

Rittal is a world leading provider of top-quality integrated systems for enclosures, power distribution, climate control, IT infrastructure and...

VISIT SHOWROOM 
Immersive Technologies
Immersive Technologies

Immersive Technologies is the world's largest, proven and tested supplier of simulator training solutions to the global resources industry.

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.109 0.156s - 176pq - 2rq
Subscribe Now