DP World won concession of the multi-functional handling terminal at the port of Saint John in New Brunswick, Canada. The world’s fourth largest terminal operator has signed an agreement on long-term right to operate the terminal Rodney Container Terminal in the port. According to the contract, DP World will participate in the implementation of the investment program of port development in the period till 2021, which amounts to 205 million CAD (about 157 million USD). The program envisages the construction of a deep-water pier and railway station, capable of taking complete trains. The goal is to grow the business and two massive cranes, now ready for use, are expected to be a big part of that growth.
“We are delighted to further extend our presence in Canada to the Port of Saint John, New Brunswick. We believe that future growth prospects for the port are strong and we are excited to be participating with the Saint John Port Authority in their expansion plans”, said Chairman and CEO of DP World, Sultan Ahmed Bin Sulayem. “Our investments and commitment to Canada are for the long term, contributing to trade and the development of its national and local economies as well as providing employment for people with a leader of world trade. Our international experience and expertise will be further enhanced with this project”, added he.
Port of Saint John is the only Canadian port of the Atlantic coast, which is served by Canadian National Railways and Canadian Pacific. DP World is already a major investor in the terminal market in Canada, as the investment portfolio includes Dubai Centerm operator terminal in the port of Vancouver, Fairview Terminal at the Port of Prince Rupert and the Duke Point Terminal in the Port of Nanaimo.