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Jan De Nul signs JV with the Payra Port Authority

Published by
Dry Bulk,

On 11 December 2017, Jan De Nul Group (JDN) signed a Joint Venture (JV) with its partner Payra Port Authority (PPA) for the Payra Deep-sea Port dredging project.

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

Under this agreement, JDN and PPA have set out the basis for their long-term cooperation and it will allow them to commence with the vital first phase dredging works. In this first 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 m3 to create land and dredge more than 60 million m3 to kick-start the development of the new Payra deep-sea port. 

The Government of Bangladesh has been investing heavily and constantly in the transportation and energy infrastructure to support trade driving the economy to higher growth rates. The

Payra deep-sea port therefore plays a crucial role in the country’s economic growth. It will gradually develop in a major transport hub for the region. JDN is honoured to be a part of this. 

Payra deep-sea port will serve Bangladesh’s needs for decades to come and is destined to lead the country’s road to prosperity. 

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