London Gateway wins European Port Project Finance Deal of the Year Award

News Release- 14 February 2012

London Gateway wins European Port Project Finance Deal of the Year Award

London Gateway, UK:- London Gateway Chief Executive Simon Moore has collected the European Port Project Finance Deal of the Year Award 2011 at a ceremony in London.

London Gateway which will be operational by Q4 2013, will become a critical piece of the UK’s transport infrastructure – a state-of-the-art international trading hub that will lower the cost and environmental impact of transporting cargo to and from major international markets.

The Project Finance Magazine Deal of the Year Awards recognise innovation, best practice, problem solving, risk mitigation, value for money and speed of delivery in the financing of infrastructure projects, large and small. In bestowing the award, the judges acknowledged that London Gateway had challenged the bank market and succeeded despite the standard in the container industry for short-term contracts.

London Gateway Chief Executive Simon Moore said: “London Gateway is designed and built for the needs of global trade in the 21st century. It’s a game changer that will significantly lower the cost of doing business in the UK for retailers, cargo owners and exporters, by delivering efficiencies, improving reliability and providing better access to many of the UK’s most important retail centres. I’m delighted that the judges have recognised the ambition and vision behind this project.”

ENDS

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About DP World
DP World operates more than 60 terminals across six continents(1), with container handling generating around 80% of its revenue. In addition, the company currently has 11 new developments and major expansions underway in 10 countries.

DP World aims to enhance customers’ supply chain efficiency by effectively managing container, bulk and other terminal cargo. Its dedicated, experienced and professional team of nearly 30,000 people serves customers in some of the most dynamic economies in the world.

The company constantly invests in terminal infrastructure, facilities and people,working closely with customers and business partners to provide quality services today and tomorrow, when and where customers need them.

In taking this customer-centric approach, DP World is building on the established relationships and superior level of service demonstrated at its flagship Jebel Ali facility in Dubai, which has been voted “Best Seaport in the Middle East” for 17 consecutive years.

In 2010, DP World handled nearly 50 million TEU (twenty-foot equivalent container units) across its portfolio from the Americas to Asia. With a pipeline of expansion and development projects in key growth markets, including India, China and the Middle East, capacity is expected to rise to around 100 million TEU by 2020, in line with market demand.

www.dpworld.com

(1) As of December 2011. Includes non-container terminals