DP World, a Dubai-based global leader in port management, has entered into an agreement with the Government of Senegal and the Dakar Port Authority for the financing, building and operation of a deep-water port at Ndayane, some 50km from the port of Dakar. This new port will replace in the future the current port, whose container terminal has been operated by DP World since 2008.
The future infrastructure aims at reinforcing the position of Senegal as a logistics hubs for West Africa. Investment will reach, in two phases, over USD 1.1bn. It will allow for the development and operation of a container terminal of more than 300ha, with sea and land-based equipment covering a zone of over 600ha. This is the single largest private sector investment in the history of Senegal.
DP World was assisted in this deal by Pamina Avocats (Remi Sermier). Based in Paris, Pamina Avocats advises international clients in the negotiation and implementation of their public / private partnerships in French-speaking Africa. The Senegalese authorities were advised by Cleary Gottlieb (Barthelemy Faye).