DP World has won a 30-year concession with an option of a further 20-year extension for the development and management of a greenfield multi-purpose port at Banana, in the Bas-Congo province of the Democratic Republic of the Congo (DRC). The Port of Banana will be the first deep-sea port in the country.
Infrastructure/PPP news in Congo, Democratic Republic of the
The Emerging Africa Infrastructure Fund (EAIF or the Fund) has announced that it has loaned US$20 million to Helios Towers Africa (HTA) to partly finance the purchase of 950 telecommunications towers in the Democratic Republic of Congo (DRC). EAIF is participating in a syndicated loan providing HTA with a total of US$105 million.
Bharti Airtel International BV, a subsidiary of Bharti Airtel Limited and Helios Towers Africa (HTA) have announced an agreement for the divestment of approximately 950 telecoms towers in the Democratic Republic of Congo from Airtel to HTA. The divestment also includes towers currently under construction in the DRC.
The Congolese government, through its agency "l’Agence Congolaise des Grands Travaux (ACGT)", has launched a tender process to develop a mixed-use PPP project.
The African Development Bank Group approved on December 18th US$138 million of loans and grants toward a project which will help develop the energy sector in Burundi, the Democratic Republic of the Congo and Rwanda through the construction of the Ruzizi III Hydropower Plant and associated transmission line.
Democratic Republic of Congo, through its agency Agence Congolaise des Grands Travaux (ACGT), has launched a tender process for the development of an airport highway PPP project.
The Common Market for Eastern and Southern Africa (COMESA) infrastructure fund has got a capital injection of US$21.9 million.
The Democratic Republic of Congo (DRC) has appointed a Belgium consortium as transaction advisor (TA) for the Central African Backbone phase 5 (CAB5) project.
The World Bank's board of directors has approved a US$73.1 million technical assistance to help develop the Democratic Republic of Congo's Inga 3 hydropower project.
On Feb. 26th the Government of the Democratic Republic of Congo (DRC) has published a Request for Expressions of Interest for transaction advisors to structure the Central African Backbone (CAB-5) project as a Public private partnership.
The World Bank has decided to develop the Inga 3 Dam in the Democratic Republic of Congo as a private investment through the International Finance Corporation, rather than as a public sector project.
International Container Terminal Services, Inc. (ICTSI) has announced that it plans to build a new terminal in the Democratic Republic of Congo.