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.

Share this article

Follow Dredging Today

Events>

<< Jun 2019 >>
MTWTFSS
27 28 29 30 31 1 2
3 4 5 6 7 8 9
10 11 12 13 14 15 16
17 18 19 20 21 22 23
24 25 26 27 28 29 30

Eastern Chapter WEDA Fall 2019 Conference

Wednesday (10/16/19) afternoon will start the program with an opportunity to take the Dredging 101 course.

read more >

IADC SEMINAR ON DREDGING AND RECLAMATION IN DELFT

This five-day course strives to provide an understanding through lectures by experts in the field and workshops…

read more >

10th Dredging & Land Reclamation Summit 2019

The 10th Dredging & Land Reclamation World between 15-18 July 2019 in London is aimed at resolving…

read more >

Australasian Coasts and Ports 2019

Conference Theme “Future directions from 40°S and beyond” reflects the increasing awareness about the need to find suitable…

read more >

Jobs>

Looking to fill a job opening?

By advertising your job here, on the homepage of DredgingToday.com, you'll reach countless professionals in the sector. For more information, click below....

apply

Dredging jobs in Abu Dhabi at NMDC

National Marine Dredging Company “NMDC” aims to be the largest dredging player in the Arab’s Gulf region...

apply

Looking to fill a job opening?

By advertising your job here, on the homepage of DredgingToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply