DP World said today that its new port and logistics center project, London Gateway, is expected to open in the fourth quarter of 2013 paving the way for estimated 36,000 new jobs. The environmentally friendly global shipping center, located just outside London on the north bank of the River Thames, will have an initial container capacity of 1.6 million TEU’s and be capable of accommodating the world’s largest containerships, including the 18,000 teu giants being built by Maersk.
DP World, the Dubai headquartered group that is currently the world’s third largest port operator, has been laying the foundations for the new port since early 2010, and the company says it plans to invest an additional $1 billion in the project over the next three years.
DP World today also announced that over the next couple months the project will create an extra 1,000 new jobs for the UK, 700 new construction jobs and 300 new port jobs. Estimates predict that as many as 36,000 jobs will be created in the long term from the project, providing some £3.2 billion to the UK economy each year. The project has already created more than 600 jobs since January 2010 when major construction work started at the site.
“The importance of this project cannot be overestimated,” said Britain’s Business Secretary, Dr Vince Cable. “The announcement of these 1,000 new jobs today is a welcome boost to the UK.”
In addition to the opening date, DP World said it has awarded four major port equipment contracts to ZPMC and Cargotec. ZPMC will provide eight quay cranes, which will be the largest in the world, able to handle the next generation container vessels of 18,000 TEU capacity. ZPMC will also provide rail mounted gantry cranes for the port’s rail terminal. Cargotec will provide automated stacking cranes and straddle carriers to be used in the port.