ADB and DP World Dakar sign loan agreement worth $64 million

6 April 2010

The African Development Bank has agreed on a loan of 64 million Dollars to DP World Dakar to finance the upgrading the container terminal in the port of Dakar. “We foresee a promising future for Dakar as an important centre of commerce, serving the surrounding region” said Tim Turner, ADB representative, at the signing of the loan agreement on 31 March last.

The aim of the work will be the modernisation of the equipment, the management of operations, and the maintenance of the north zone of the port, as well as the refurbishment of the storage areas and the improvement of the railway installations, electricity systems and roads, and the restoration of the port buildings.

Last week also marked the laying of the first stone in the construction work of the bridge on the Falémé, on the border with Mali.

This event, in the words of Senegal head of State M. Wade, marks an important step in the development of the sub-region, as the daily Walfadjri reports.

Category: Transport