Jan De Nul Enters Concession Agreement with Payra Port Authority

Jan De Nul Group’s subsidiary Payra Dredging Company Limited (PDCL) entered into a concession agreement with Payra Port Authority for the capital and maintenance dredging of the Rabnabad Channel at Payra Port. This Public-Private Partnership (PPP) contract was awarded at the end 2017.

Under this agreement, Jan De Nul Group will be responsible for the development, dredging and commissioning of the access channel, turning basins, anchorage and berthing areas with the goal to accommodate larger sea-going vessels. For the capital dredging works, Jan De Nul will deploy up to nine dredges of its fleet. Once the capital dredging works are completed, Jan De Nul will perform maintenance dredging for a period of 10 years.

During the maintenance period, Payra Port Authority and Jan De Nul plan to develop the Payra Sea Port into a deep-sea port in accordance with the developed masterplan. The government of Bangladesh considers the development of the Payra Deep-Sea Port vital for quick and efficient development of Bangladesh’s infrastructure, trade and commerce.

Under this agreement, Jan De Nul Group will train staff of Payra Port Authority. Local employees will gain practical experience in managing and executing offshore dredging works while Jan De Nul Group sets and monitors the quality of the training.