Independent journal on economy and transport policy
12:28 GMT+1
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COSCO Shipping Ports will manage new Khalifa Port Container Terminal 2
It will be constituted joint venture with Abu Dhabi Ports Company
September 28, 2016
COSCO Shipping Ports, the terminalista society of the Chinese shipowning group Lowers COSCO Shipping Corporation, has undersigned an agreement with Abu Dhabi Ports Company in order to constitute joint venture that the new container will manage terminal Khalifa Port Container Terminal 2 of the port of Khalifa. The new society, that it will be controlled by COSCO Shipping Ports, will sign a contract of ulterior concession of the duration 35-year-old renewable for five years.
According to the forecasts, the new harbour terminal will become operating in the course of the first semester of 2018. Initially meters will be prepared 800 meters of the 1,200 total linear meters of dock with depth of the -18 backdrop. Remaining the 400 meters of dock will be completed in 2020.
The new terminal will bring a annual ability to containerized trade pairs to 2,4 million teu that it will join to that current one of 2,5 million teu of the port. The agreement previews moreover the possibility to ulteriorly extend the line of dock of 600 meters in order to reach an ability to traffic of 3,5 million teu.
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