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Mon 4 Nov 2019 02:20 PM

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DP World JV wins concession for French port expansion

Joint venture between DP World and Terminal Link - PortSynergy Group awarded service concession for construction and operation of new terminal at Port 2000 in Le Havre

DP World JV wins concession for French port expansion

The decision by the supervisory board of the Port of Le Havre will allow GMP to strengthen its presence in France, at the same time supporting the economic growth of the region.

A joint venture between DP World and the France-based container operator Terminal Link - PortSynergy Group (GMP) has been awarded the service concession for the construction and operation of berths 11 and 12 at Port 2000 in Le Havre.

The new terminal represents an additional operational capacity of 1 million TEUs and will include a 700-metre long quay and a 42-hectare site, a statement said.

The concession agreement is for a term of 34 years, including two years of studies and design, two years of civil engineering work and 30 years of operation.

GMP said it will make significant investments in the development of this new terminal, modernising it to better support trade growth.

Dubai's DP World says UK expansion on hold over Brexit

DP World has invested $1.9bn in the UK until now, including in the London Gateway port

The terminals are trade-enabling gateways for cargo entering the French consumer markets and GMP will now invest in two new container berths spanning across 700 metres, the statement said.

The decision by the supervisory board of the Port of Le Havre will allow GMP to strengthen its presence in France, at the same time supporting the economic growth of the region.

Louis Jonquiere, managing director of GMP, said: "The signing marks a new chapter in our partnership with the Port of Le Havre. The addition of the two new berths will enable us to secure more volume and provide high-efficiency services. As a major hub port, the expansion in the terminal will facilitate the capture of more volume from the trade, benefitting from the momentum that has built in the region.

"We aim to enable smarter trade and create a much stronger economic engine for the national and regional market. By investing further in the terminal, GMP is driving economic development for the region and generating career opportunities for the local population."

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