September 07, 2008

DP World Adelaide invests AED 121 million for port expansion

Gulf News reported that global terminal operator DP World is investing AED 121 million in the expansion of the quay and other facilities in Adelaide Port, where it operates a container terminal.

The investment includes 2 new Post Panamax Cranes planned for commissioning by 2009, 4 new generation Noell Straddle Carriers due for delivery in 2008, upgrade and redevelopment of hard stand, other heavy lift equipment for use in terminal and depot and the development of regional intermodal hub.

Mr Andrew Towers GM of DP World Adelaide said that "We have recorded 28% growth in container throughput to 255,000 TEUs in 2007 up from 202,000 TEUs in 2006. We are investing AUD 35 million in upgrading facilities including buying cranes, other equipment and expanding the terminal's quay by 149 meters alongside the existing 510 meters, which will satisfy our needs till 2012."

Mr Towers said that "Adelaide Port is running at nearly full capacity. By 2012, we might need to construct a third terminal to handle the demand. We are investing AUD 800,000 in building an eco friendly office for its management just near the terminal. DP World's taking over the terminal is good for the South Australian economy. They are willing to invest in infrastructure and employees."

DP World currently operates 5 container terminals in Australia's major ports like Sydney, Melbourne, Brisbane, Adelaide and Perth in Western Australia. It acquired the management of Adelaide port through DP World's global acquisition of CSX World Terminals in 2004 while the rest came under its management through the acquisition of P&O.