Jan De Nul, Payra Port Authority Join Forces in EUR 550 Million Deal

Jan De Nul Group (JDN) and Payra Port Authority (PPA) today signed a joint venture company agreement, worth EUR 550 million, for the Payra Deep-Sea Port dredging project.

The Government of Bangladesh considers the development of Payra Deep-sea Port vital for speedy and efficient development of Bangladesh’s infrastructure, trade and commerce. Successful operation of the new port requires dredging and land reclamation works, JDN said in their release.

Under this agreement, JDN and PPA have set out the basis for their long-term cooperation and it will allow them to begin with the vital first phase dredging works.

In this phase, JDN will deploy up to 9 dredgers of its fleet, amongst which some of the most powerful cutter suction dredgers in the world. They will reclaim more than 13 million cubic meters to create land  and dredge more than 60 million cubic meters to kick-start the development of the new Payra Deep-Sea Port.

The Minister of Shipping, Shajahan Khan, Mr. Frank Vanwingh de Credendo and the Belgian Ambassador Jan Luykx attended the signing ceremony.

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3rd International Congress Hydraulic Engineering Structures and Dredging

Russia’s leading maritime industry Media Group PortNews (www.portnews.ru) holds a traditional annual Congress “Hydraulic Engineering Structures and Dredging” in Moscow. 

The two-day Congress includes the 7th International Forum of Dredging Companies and the 3rd Technical Conference “Modern Solutions for Hydraulic Engineering”.

Infrastructure development is among the real sources of Russia’s economy growth. Construction of port facilities and new hydraulic engineering structures on the country’s inland waterways constitute an essential part of all infrastructure projects. It is important to take into account the best international practices to implement these projects effectively.

The program of the Congress will be devoted to the latest technologies for dredging and hydraulic engineering works. Speakers and delegates will refer to real projects to discuss specifics features of dredging works, as well as dedicated fleet and equipment involved.

To learn more about event, please, contact the organizing committee: snitko@portnews.ru

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