Jan De Nul Group Subsidiary Signs agreement with Payra Port Authority in Bangladesh

Jan De Nul Group’s subsidiary Payra Dredging Company Limited (PDCL) entered into a concession agreement with Payra Port Authority (PPA) 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. The official signing ceremony took place on January 14 at the Ministry of Shipping of the People’s Republic of Bangladesh in Dhaka.

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. Once the capital dredging works completed, Jan De Nul will perform maintenance dredging for a period of 10 years.

During the maintenance period, PPA and Jan De Nul intend 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 speedy and efficient development of Bangladesh’s infrastructure, trade and commerce. Payra Sea Port is the third seaport of Bangladesh, after Chittagong and Mongla.