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Dubai: The UK government has put its final seal of approval on the development of the UK's most advanced container port at London Gateway, which incorporates Europe's largest logistics park.
The Department for Transport (DfT) has issued a 'Harbour Empowerment Order' to London Gateway, which enables official and statutory powers to the new port. Construction work will begin later this year on the 1,850 acre site, 25 miles from central London.
More than £1.5 billion (Dh11 billion) is being privately invested by DP World, the fourth-largest global marine terminal company, over the next 10 to 15 years. The project is currently the largest capital investment initiative in the UK and will become the largest employment creation project in the country.
"We are very pleased with the UK Government's approval of the Harbour Empowerment Order. This represents a significant milestone for the project and will allow us to progress with the development," said Mohammad Sharaf, chief executive officer for DP World.
Hub
London Gateway will become a national hub port for the UK and will accommodate the world's largest container ships. The port will add an additional 3.5 million TEUs (twenty foot equivalent container units) to the nation's port capacity.
"London Gateway will be a port-centric logistics platform of a size and scale unique in the UK. Our customers will be able to cut costs from their supply chains, increase efficiency and reduce their environmental footprints," said Simon Moore, chief executive of London Gateway.
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