October 12, 2008

DP World London Gateway project gets approval

Gulf News reported that the UK government has put its final seal of approval on the development of the UK's most advanced container port at London Gateway, which incorporates Europe's largest logistics park.

As per report, the Department for Transport has issued a “Harbor Empowerment Order” to London Gateway, which enables official and statutory powers to the new port. Construction work will begin later this year on the 1,850 acre site, 25 miles from central London.

Mr Mohammad Sharaf CEO of DP World said "We are very pleased with the UK Government's approval of the Harbor Empowerment Order. This represents a significant milestone for the project and will allow us to progress with the development.”

Mr Simon Moore CEO London Gateway said that "London Gateway will be a port centric logistics platform of a size and scale unique in the UK. Our customers will be able to cut costs from their supply chains, increase efficiency and reduce their environmental footprints.”

DP World is investing more than GPB 1.5 billion (AED 11 billion) over the next 10 to 15 years. London Gateway will become a national hub port for the UK and will accommodate the world's largest container ships. The port will add an additional 3.5 million TEUs to the nation's port capacity.