London's new global port set to open in 2013: Dubai World
04 Oct 2011
London Gateway, the new global shipping port and logistics centre project, will open in the fourth quarter of 2013. The port will have an initial capacity of 1.6 million TEU (twenty foot equivalent container units), DP World, the port's operator, announced today.
Britain's most environmentally friendly major new port, London Gateway will help create 36,000 new jobs, DP World said.
The port, which is set to become Europe's largest logistics park on London's doorstep, will help UK business to take advantage of a more cost-effective, greener way of getting the nation's goods to consumers, DP World said.
Dubai-based DP World, the world's third largest port operator, started work on the new London port early in 2010. The project is expected to involve additional investments to the tune of $1 billion over the next three years.
"Today's opening date announcement is a major milestone, reflecting DP World's commitment to the UK market," the company said in a release.
In addition to the opening date, DP World today announced the creation of an extra 1,000 new jobs for the UK (700 new construction jobs and 300 new port jobs will be created in the coming months).