DP World is involved with the designing, financing, and building a greenfield port near Blaise Diagne International Airport on a 600ha site and a 300ha container terminal, according to the deal.
Additionally, the project will aim towards achieving of President Macky Sall’s economic development plan for Senegal, called the Plan Senegal Emergent (PSE).
Along with the current Container Terminal in the Port of Dakar, DP World will modify the plan to develop a new container terminal. DP World Dakar, subsidiary of DP World, will make an investment of $837 million in Phase I and $290 million in the Phase II.
The Phase I will consist of an upcoming 5km marine channel, capable of handling 366m vessels, and a new container terminal with 840m of quay. The Phase II will work on creating 410m of extra container quay.
According to the company, there was already a plan to develop a new container port. And with discussions between Sultan Ahmed bin Sulayem, chairman and chief executive of DP World and Macky Sall, president of Senegal, the mutual agreement was to come up with a more ambitious project and develop a new port outside of the city.