Home > News > Liedekerke assists the Democratic Republic of Congo in drafting collaboration and shareholders' agreements, allowing the construction of a deep-water port in Banana
Print pageprint Stay Informedprint

NEWS

Liedekerke assists the Democratic Republic of Congo in drafting collaboration and shareholders' agreements, allowing the construction of a deep-water port in Banana

calendar_new
22/12/2021

The Government of the Democratic Republic of the Congo and the Emirati company DP World have signed a collaboration agreement for the construction of a deep-water port in Banana, a long-anticipated project which should come to fruition next year.


Liedekerke assisted in amending an existing draft of a shareholders' agreement between the Ministry of Portfolio of the Democratic Republic of Congo and DP World, which will facilitate the joint management of the company running the port. Furthermore, Liedekerke assisted the DRC State on the DRC law aspects of the amendments to the Collaboration Agreement regarding the delegation of public services for the deep-water port of Banana, and regarding the construction and management of the port. With regards to the collaboration agreement, Liedekerke cooperated with global law firm HFW (Stanislas Lequette - Paris), who has been leading the negotiations on the Ministry of Portfolio of the Democratic Republic of Congo side.

The parties signed both agreements during a ceremony on Saturday December 11th in Kinshasa, which was attended by President Félix Antoine Tshisekedi Tshilombo.

This project aims to facilitate the docking of large ships and other container ships in Banana, on the left bank of the Congo River, near the river-mouth of the Atlantic. The construction of a deep-water port in Banana would also allow for a better circulation of ships to the other two Congolese ports further upstream, Boma an Matadi.

The first construction phase, of the four-phase $1.3 bn project, should be taking place at the beginning of 2022. DP World will initially invest $330m over two years to construct a 600m² dock and almost 25 hectares of storage space.

The Liedekerke team consisted of Vincent Ost and Thibaut Hollanders.