DP World to develop deep-sea Banana port in DRC

Dubai-based and the world’s leading provider of smart logistics DP World will develop the deep-sea Banana port, located in Kongo Central province of the Democratic Republic of Congo, Zawya reports.
DP World inked a Collaboration Agreement with DRC government for the project expected to bring significant cost and time savings for the country’s trade, as it will attract more direct calls from larger vessels from Asia and Europe.
It will also directly benefit the Kongo Central province in terms of economic development, as the port will attract foreign direct investment to the surrounding area, and stimulate local trade and the economy, Zawya notes.
DP World will commence construction within 12 months. The Banana deep-sea port is located along the country’s 37km coastline on the Atlantic Ocean.
The conclusion of the deal, the media also notes, follows the signing of a term sheet earlier this year between DP World and the DRC Government, which summarized the agreed amendments to the initial contract signed in 2018.

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