A consortium led by DP World, a holding company owned by the Dubai government, has signed a contract to develop and manage a new container terminal in Rotterdam.
The project at the largest European port will raise container handling capacity by 40%. The terminal will have a capacity of approximately 4 million TEUs (20ft equivalent container units) a year, with operation expected from 2013 onwards. The agreement covers building the superstructure, equipping and operating the new terminal at the North Sea.
A total of four terminals are planned within the Maasvlakte 2 development. The DP World-operated facility will be the first terminal to be set up on the new site, which will see an investment of 3.5 billion for basic infrastructure, land reclamation and dykes.
DP World holds a 30% stake in the 900 million Rotterdam World Gateway terminal, which is part of the Maasvlakte-2 development unveiled by the Port of Rotterdam Authority. The Dubai firm's partners in the venture are APL of Singapore, Mitsui OSK Lines of Japan, Hyundai Merchant Marine of South Korea and French shipping line CMA CGM.
'The new Maasvlakte 2 provides a high-quality site. Such new terminal locations are very scarce in Europe and this will be even more the case in the next decades,' Port of Rotterdam Authority CEO Hans declares.
The terminal will have a 1,900 metre long quay with a water depth of 20 metres, a 550 metre quay for inland shipping and feeder vessels and its own rail terminal with a connection to the Betuweroute, stretching from the port of Rotterdam to the German border at Zevenaar-Emmerich.
Rotterdam has 20 container terminals and can accommodate around 10 million TEUs a year. The Port of Rotterdam facilities located in the area include five petroleum refineries, several chemical plants, oil storage facilities, bulk cargo terminals, container berths and ferry terminals.