Business | Construction
DP World signs Dh2.7b deal for London port
DP World said it has signed a 400 million pounds (Dh2.7 billion) contract to build the first phase of a new port at London Gateway, being billed by the company as the most technically advanced container port in the world.
- Staff Report
- Published: 17:27 August 20, 2008
Dubai: DP World said it has signed a £400 million (Dh2.7 billion) contract to build the first phase of a new port at London Gateway, being billed by the company as the most technically advanced container port in the world.
This is the first major contract to be awarded in the £1.5 billion project, due to be built over the next 10 to 15 years.
The contract is over five years, and will see the construction of the first phase of the port's quay providing three berths and over 1.2 kilometres of quay in a joint venture between Laing O'Rourke and Dredging International.
The new port will eventually handle 3.5milion TEU (twenty foot equivalent units), providing a much needed increase in capacity for the UK's container terminals.
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