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 deep-sea port and what will be the largest logistics park in the UK. Construction work is scheduled to commence later this year, following a harbor 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, "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."
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