On Monday this week, Senegalese President Macky Sall laid the foundation stone for the new $1.13bn Ndayane deep-water port, 50km south of Dakar. The project is led by a joint-venture of DP World of Dubai and the Dakar Port Authority and represents so far the biggest private investment in Senegal.
According to DP World, the first phase will include 840 metres of quay and a 5 km marine channel designed to handle 366-metre vessels, with a second phase adding 410 metres of container quay and further dredging to handle 400-metre vessels.
The Dubai-based logistics giant will notably develop and operate the 300-hectare container terminal, as well as finance and design the land and maritime infrastructure for the port.
In October last year, the UK’s development finance institution and impact investor CDC Group (CDC) announced a partnership with DP World to invest into Africa’s trade and logistics infrastructure. Under this long-term partnership, DP World had notably committed to invest a further $1bn into existing ports in Dakar (Senegal), Sokhna (Egypt) and Berbera (Somaliland).