DP World to begin development of Banana Port ...United Arab Emirates

ME CONSTRUCTION NEWS - Local News
source : ME CONSTRUCTION NEWS ( United Arab Emirates ) () 11
Following an agreement on amendments to an initial contract with the Democratic Republic of Congo (DR Congo), DP World is poised to start development of a new deep sea port at Banana. According to a statement, a term sheet summarising the amendments follows part of a review by the parties of some of the existing contractual document clauses signed in March 2018, when DP World was awarded the 30-year concession to develop and manage Banana Port. The amendments were signed in Kinshasa by Guylain Nyembo Mbwizya, chief of staff to the Head of State and Suhail Al Banna, CEO and MD of DP World, Middle East and Africa region. The objective of the amendments was to readjust the different obligations

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