DP World opts for JV to build T3

9/30/2012

Global ports operator DP World has opted for a joint-venture comprising TOA Corporation and Soletanche Bachy to build the third container terminal (T3) at its Jebel Ali port.

The US$850 million third terminal will increase capacity at the port by 4 million teu a year.

DP World said T3 would be one of the most modern terminals in the world, with a quay length of 1.86km, a draught of 17 metres and and a 70ha storage yard. 

Once complete in 2014, it will enable the port to handle the next generation of super post-panamax containerships and boost Jebel Ali’s total capacity to 19 million teu.

A ceremony to mark the deal took place at DP World’s Jebel Ali headquarters attended by Chairman Sultan Ahmed bin Sulayem, Vice-chairman Jamal Majid Bin Thaniah, CEO Mohammed Sharaf and UAE region MD Mohammed Al Muallem, along with TOA General Manager Kiyoshi Miyawaki and Soletanche Bachy Regional Manager Alexandre Abinader.

Al Muallem said the capacity expansion at Jebel Ali Port was prompted by customer demand and the return of confidence in regional markets.

He added: “Our investment today will ensure Jebel Ali continues be an important catalyst for economic development.”

TOA’s Miyawaki, General Manager of TOA Corporation’s Dubai Office, said the JV’s accumulated experience in marine terminal infrastructure construction would “bring value engineering and ensure Jebel Ali’s Terminal 3 will be among the finest in the world”.

Abinader, of Soletanche Bachy, added: “We will commit to this project all our capacity, know-how and track record of carrying out major projects within tight timescales."

Terminal 3 will be equipped with 19 ship-to-shore quay cranes and 50 rail-mounted gantry cranes.

Over the past few days, DP World has also announced the sale of two subsidiaries in Belgium and that it had ceased management of the port of Aden, in Yemen, by selling its shares in Dubai and Aden Ports Corporation to Yemen Gulf of Aden Ports Corporation.