DP World is investing $1.3 billion to transform London Gateway into the UK's largest container port within the next five years
1 month ago
DP World is investing $1.3 billion to transform London Gateway into the UK's largest container port within the next five years
DP World is moving forward with a £1 billion ($1.3 billion) investment to expand London Gateway, positioning it to become the UK's largest container port within the next five years.
The Dubai-based terminal operator plans to boost capacity by adding two new shipping berths, bringing the total to six, all capable of accommodating the world’s largest container ships. Additionally, a second rail terminal will be constructed to manage the anticipated rise in containerized trade.
"By the end of the decade, the full 2.5 km quayside will be able to berth six vessels, each over 400 meters long, and will feature Europe’s tallest quay cranes, standing as tall as Big Ben," the company stated.
Pending planning and regulatory approvals, the expansion is set to significantly increase the port’s trade volume, which currently handles nearly 2 million TEUs annually.
This project will bring DP World’s total investment in London Gateway to over £3 billion, transforming the former oil refinery site into one of the UK’s most critical logistics hubs. Recently, a £350 million fourth berth, fully powered by electricity, was added and will soon welcome its first vessel.
Source: Splash247