Dubai: DP World said yesterday it has awarded a 400 million pounds (Dh2.7 billion) contract to build the first phase of a new port at London Gateway, Britain’s first deep sea container port development in a quarter century.
A joint venture between British construction firm Laing O’Rourke and Belgian group Dredging International won the contract, which will be completed in five years and see the construction of three berths and 1.2-kilometres of quay.
“This is the first major contract to be awarded in the 1.5 billion pounds project, due to be built over the next 10 to 15 years,” DP World said in a statement.

The new port will have a capacity to handle 3.5 million TEU (twenty foot equivalent units), and is one of the largest of more than a dozen new port projects being developed by DP World.