DP World gets approval for London Gateway project

Source: Sand and gravel

Dubai-based port operator DP World has reportedly secured approval to build a US$3 billion port and logistics park on the banks of the River Thames in southeast England.

The London Gateway project, which DP World inherited following its acquisition of P&O in 2006, involves the development of an 1,800 acre form oil refinery in Essex into a deepsea port and what will be the largest logistics park in the UK.

Construction work is scheduled to commence later this year, following a harbour empowerment order from the department of transport.

DP World's plans include a 2,300m container quay with a fully developed capacity of 3.5 million standard container units a year.

Mr Simon Moore CEO of London Gateway said that "This is an historic day for the shipping industry and the economy as a whole. We will be the UK's first major port for more than 25 years. 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."