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Dubai Global Harbor receives concession rights for Congo deepwater project

  • Author:James
  • Source:Hong Kong Shipping
  • Release Date:2018-03-30
In order to further expand its business in Africa, DP World has obtained a 30-year franchise in the Panamanian Republic of Congo. It will invest US$1 billion to develop the deep-water port.

Dubai Global Harbor manages and develops this through a joint venture with the government of the Democratic Republic of the Congo.port, And account for 70% of shares.
The first phase of the project, with an estimated investment of 350 million U.S. dollars, includes the construction of a 600-meter shore-lifting dock and a 25-hectare dockyard with a design container handling capacity of 350,000 TEUs and a general cargo handling capacity of 1.5 million metric tons.

The project is expected to start this year and the project will last for two years.

The Puerto Banana will be the first deepwater port in Congo.