Jan De Nul Group’s Subsidiary Enters Payra Concession Agreement

Jan De Nul Group’s subsidiary Payra Dredging Company Limited (PDCL) has 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 in 2017. The official signing ceremony took place today 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 dredgers of its fleet, amongst which some of the most powerful cutter suction dredgers in the world.

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

During the maintenance period, PPA and Jan De Nul intend and aim to develop the Payra Sea Port into a deep-sea port in accordance with the developed Masterplan, Jan De Nul said in its release.

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.