The initiative will see the regeneration of the 1,500 acre former oil refinery site at Shell Haven, creating a world class
Commenting on the news, Sultan Ahmed Bin Sulayem, Chairman DP World, said: 'This is important news and we are very pleased with the UK Government's decision. DP World is planning to invest approximately £1.5bn to develop London Gateway over a 10 to 15 year timeframe. This is the single biggest investment project for DP World. It represents our long-term commitment to bringing benefits and value to our customers and to the
London Gateway will combine a major deep-water port capable of handling the biggest container ships at superior levels of efficiency and meet the UK Government's identified need for increased deep-sea port capacity.
Mohammed Sharaf, CEO DP World, said: 'London Gateway is one of the most significant infrastructure development programmes in the
Construction is planned to begin later this year, with DP World aiming to have first occupiers on the park within 12-18 months, with the port operational from 2010. The development will be a major catalyst for delivering jobs, new homes and new opportunities in this identified growth region, thereby contributing significantly to the UK Government's Thames Gateway regeneration programme. [31/05/07]