Senegal to Use USTDA Grant to Aid Development of New Bulk Commodity Port
The U.S. Trade and Development Agency announced Sept. 23 that it has awarded a grant to a Senegalese company created to design, finance, build and operate a new multi-commodity bulk port in Bargny-Sendou. The grant will fund a feasibility study that will provide a proposed design, terminal layout and operational plan for the port as well as assess the port’s environmental and social impact and its financial feasibility.
A USTDA press release states that economic growth in Senegal and West Africa is driving the demand for the new port, particularly as the cement and chemicals sectors are expected to grow substantially over the next 15 years. The government of Senegal has prioritized the development of this project to increase the country’s capacity to import needed materials, and the new port is expected to offer sufficient capacity to import and export over seven million tons of dry bulk commodities annually.