DP World signed a contract Sunday for the construction of a third container terminal at its flagship Jebel Ali box hub in the United Arab Emirates.
The new terminal, due to open in 2014, will swell Jebel Ali’s annual capacity by 4 million 20-foot-equivalent units to 19 million TEUs.
A joint venture between France’s Soletanche Bachy and TOA Corporation of Japan won the contract to build and equip the terminal, which will have a 1,860 meter (6,102 ft) long quay, a draft of 17 meters (56 feet) and a 70 hectare (173 acre) storage yard.
The contract, reportedly worth $850 million, includes deepening the channel to handle the next generation of ultra-large 18,000-TEU container ships.
The expansion of Jebel Ali “is guided by demands from our customers and the return of confidence in regional markets,” said DP World UAE region senior vice-president Mohammed Al-Muallem.
Dubai-based DP World last week placed an order for 19 ship-to-shore quay cranes and 50 rail-mounted gantry cranes for the new terminal.
Terminals in DP World’s UAE region, headed by Jebel Ali, handled 6.6 million TEUs in the first six months of 2012, up 7.3 percent on the same period last year.
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