DP World’s London Gateway project has been awarded the coveted ‘Global Deal of the Year’ for 2011 at the Infrastructure Journal Awards.
The successful London Gateway team was accompanied by representatives from Allen & Overy, Royal Bank of Scotland and Société Générale, who all played key roles in advising and financing the project.
The award recognises the delivery of outstanding infrastructure projects and is recognition of the deep-sea container port’s successful project financing, which was fully secured in December last year.
Sarmad Qureshi, Director of Finance for DP World’s Europe and Russia region, collecting the award on behalf of the team said: “This award is further endorsement of the London Gateway project. It sends a clear message to our customers that this is a globally significant development which has secured world class financial backing. Securing this deal has allowed construction to forge ahead and I am delighted that we were able to close on what has been recognised as the best infrastructure project deal in all sectors. No mean feat, given the economic climate we operate in.
“We are very confident that London Gateway will be able to deliver substantial supply chain cost savings to global shippers. Thanks to our closer location to key UK markets we will also be able to help customers move their goods in a greener, more efficient way, reducing CO2 and other transport emissions.”
Kevin Maddick, Head of Infrastructure at RBS,said: “Leading the debt advisory and financing on this project allowed us to see for ourselves what a critical piece of infrastructure London Gateway will become for the UK. Working with our partners on the team, we were all impressed by the vision of the project and this award vindicates our confidence in financing its development.”
Conrad Andersen, Partner at Allen & Overy, was delighted to be part of the winning team: “The London Gateway project is one that will deliver tangible benefits to the UK economy. This award is testament to the hard work and dedication of everyone involved in making the project a success and ensuring the financing was put in place quickly and efficiently was an important part of that.”
Charles Greenfield, Managing Director of Infrastructure at Société Générale, commented: “I am delighted that the DP World London Gateway has received this deserved recognition. This was a world class financial deal for a world class project. Securing top quality funding for projects has been a challenge for some organisations in recent times. I am pleased that the DP World London Gateway project was able to demonstrate a strong mix of vision and benefits to end users, which went a long way to help secure the financing.”
-ENDS-
About DP World
DP World operates more than 60 terminals across six continents(1), with container handling generating around 80% of its revenue. In addition, the company currently has 11 new developments and major expansions underway in 10 countries.
DP World aims to enhance customers’ supply chain efficiency by effectively managing container, bulk and other terminal cargo. Its dedicated, experienced and professional team of more than 30,000 people serves customers in some of the most dynamic economies in the world.
The company constantly invests in terminal infrastructure, facilities and people, working closely with customers and business partners to provide quality services today and tomorrow, when and where customers need them.
In taking this customer-centric approach, DP World is building on the established relationships and superior level of service demonstrated at its flagship Jebel Ali facility in Dubai, which has been voted “Best Seaport in the Middle East” for 17 consecutive years.
In 2011, DP World handled nearly 55 million TEU (twenty-foot equivalent container units) across its portfolio from the Americas to Asia. With a pipeline of expansion and development projects in key growth markets, including India, China and the Middle East, capacity is expected to rise to around 103 million TEU by 2020, in line with market demand.
www.dpworld.com
(1) As of March 2012. Includes non-container terminals.
Contacts
Natasha Bukhari
Global Corporate Communications Manager
DP World
Tel: +97156 6821699
Natasha.Bukhari@dpworld.com
Sanaa Maadad
Media Manager
DP World
Tel: +97150 5522610
sana.maadad@dpworld.com
No comments:
Post a Comment