DP World wins Rodney Container Terminal tender
DP World has signed a long-term lease agreement for the expansion and operation of Rodney Container Terminal in Canada.
It will start running existing operations at the Port of Saint John, New Brunswick on 1 January 2017 and work in partnership with the Saint John Port Authority.
The planned expansion programme expected to be completed in 2021, with the lease continuing for 30 years after.
“We believe that the future growth prospects for the port are strong and we are excited to be participating with Saint John Port Authority in their expansion plans,” said Sultan Ahmed Bin Sulayem, group chairman and CEO, DP World.
He continued: Our investments and commitment to Canada are for the long term, contributing to trade and the development of its national and local economies as well as providing employment for people with a leader of world trade.”
“Our international experience and expertise will be further enhanced with this project.”
The lease will follow the Port Authority’s completion of the expansion works, which will create a 350m deep-water berth, an enhanced stacking area and a 12,000 foot intermodal rail yard capable of handling a full train.
Work will be focused on Canada’s trade with Europe and Latin America in order to increase sector competition within eastern Canada.
Jim Quinn, CEO of Saint John Port Authority, said: “We are delighted to welcome DP World as the new operator of Rodney Container Terminal and to share in the expansion project for the terminal.”
“The commitments that DP World has made to invest in equipment and systems, commercial promotion and sustainability are critical for the long-term success of the project.”
DP World is already a major investor in Canada operating the CENTERM terminal in Vancouver, the Fairview Terminal in Prince Rupert and the Duke Point Terminal in Nanaimo.
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