#Africa - In Other News #News

DP World to start development of Banana Port in the DRC

DP World, a leading global provider of end-to-end logistics solutions, is set to start the development of the deep seaport at Banana, following agreement on amendments to the initial contract between the company and the Government of the Democratic Republic of the Congo.A term sheet summarizing the amendments to the contract, which was signed in Kinshasa by Guylain Nyembo Mbwizya, Chief of Staff to the Head of State, and Suhail Al Banna, CEO and Managing Director of DP World, Middle East and Africa region, follows part of a review by the parties of some of the existing contractual document clauses signed in March 2018, when DP World was awarded the 30-year concession to develop and manage the Banana Port.The objective of the amendments was to readjust the different obligations of the two parties under the project, to better support the vision of His Excellency, President Félix Tshisekedi, to develop the country’s trade and logistic sector. The port will be the DRC’s first deep sea port along its 37km coastline on the Atlantic ocean.

Source: Further Africa

DP World to start development of Banana Port in the DRC

Leave a comment

Your email address will not be published. Required fields are marked *