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DP World appoints JV for $850m T3 at Jebel Ali

TOA, Soletanche Bachy land deals; extension to be completed in 2014.
Representatives from DP World sign $850m JV contract with TOA-Soletanche Bachy.
Representatives from DP World sign $850m JV contract with TOA-Soletanche Bachy.

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A joint venture between TOA and Soletanche Bachy has landed a deal from ports operator DP World to build the third terminal at its Jebel Ali port.

The $850m third terminal will increase capacity at the port by 4m TEU (twenty-foot equivalent container units) a year.

DP World said T3 would be "one of the finest modern marine terminals in the world" with a quay length of 1,860m, a draft of 17m and and a 70-hectare storage yard. Once complete in 2014, it will give the port the ability to handle the next generation of super post-panamax container ships and boost total capacity to 19m TEU.

A signing ceremony marking the new deal took place at DP World's Jebel Ali HQ attended by the firm's chairman HE Sultan Ahmed bin Sulayem, vice-chairman HE Jamal Majid Bin Thaniah, CEO Mohammed Sharaf and UAE region MD Mohammed Al Muallem

TOA corporation's general manager Kiyoshi Miyawaki and Soletanche Bachy's regional manager Alexandre Abinader represented their firms.

Mohammed Al Muallem said: “The planned capacity expansion at our flagship Jebel Ali Port is guided by demands from our customers and the return of confidence in regional markets.

"With its superior performance and customer service focus DP World will continue to contribute to the UAE’s economic growth and enhance Dubai’s role as the gateway hub of the region. Our investment today will ensure Jebel Ali continues be an important catalyst for economic development.”

The firm's senior vice president of planning and development, Adnan Al Abbar, said: “As the largest and busiest container port in the region, Jebel Ali is the preferred port of call for major global ship operators, who continue to order ultra large container ships (ULCS) in line with emerging global trends.

"In addition, the port has unparalleled connectivity and delivers our customers the most efficient container handling service."

Kiyoshi Miyawaki, General Manager of TOA Corporation's Dubai Office, said: “TOA Corporation and our Joint Venture partners Soletanche Bachy will deploy their abundant and accumulated experience in marine terminal infrastructure construction to bring value engineering and ensure Jebel Ali’s Terminal 3 will be among the finest in the world .”

Alexandre Abinader, Middle East manager of Soletanche Bachy, said: “We will commit to this project all our capacity, know-how and track record of carrying out major projects within tight timescales. We are extremely pleased to have the opportunity to work and forge a long-term partnership with leading global marine operator DP World."

Terminal 3 will be equipped with 19 Ship To Shore (STS) quay cranes and 50 Rail Mounted Gantry (RMG) cranes - for which an $170m deal was signed with Trans Gulf Port Cranes last week for equipment supplied by Shanghai Zhenhua Heavy Industries Co Ltd.

Over the past few days, DP World has also announced the disposal of a pair of Belgian subsidiaries in Belgium and that it has ceased management of the Aden Port in Yemen by divesting its shares in Dubai and Aden Ports Corporation (DPADC) to Yemen Gulf of Aden Ports Corporation.

 

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