Dubai: DP World and the Yemen Gulf of Aden Port Corporation have embarked on a joint venture that will see the former operate and develop the container handling facilities at both Aden Container Terminal and of nearby Ma'alla Container Terminal.
The venture, which chalks out an investment of $220m for further development of Aden Port over the next five years, includes construction of a new 400mtr berth extension to Aden Container Terminal. Upon completion of the first phase of project, capacity at the port will increase from its current 700,000teu to 1.5mteu. Phase two of the project will entail additional capacity to cope with market demand at the time. [15/07/08]
Copyright © 2024. All rights reserved. Seatrade, a trading name of Informa Markets (UK) Limited. Add Seatrade Maritime News to your Google News feed.
