DP World leases first container terminal on the east coast of North America
Time：2016-08-03
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Saint John currently handles 100,000 TEU per year. Its container terminal has a depth alongside of 40 feet. The 30-year lease includes a C$200 million (US$153.46 million) investment by the government to dredge the container berths to 50 feet and make other improvements to facilities, reported Fort Lauderdale`s Maritime Executive.
DP World already has leases in British Columbia at Vancouver, Nanaimo and Prince Rupert. Port Saint John will give the company an east coast Canadian presence.
The location and access would be an Atlantic coast parallel to the port operator`s terminal in Vancouver, which gives its customers easy access to the western US.
"We are delighted to have a presence on the east coast of North America for the first time and see great growth potential," said DP World CEO Ahmed Bin Sulayem. "We will be making a major effort to grow business which will in turn have positive economic impact in the region."