DP World’s JV Awarded Big French Concession
DP World has been awarded the service concession for the construction and operation of berths 11 and 12 at Port 2000 in Le Havre, France, along with its France-based joint venture (JV) partner Terminal Link – PortSynergy Group (GMP).
GMP is now anticipated to invest in two new container berths spanning 700 metres, adding to the terminals in Port 2000 at Le Havre that are key gateways for cargo entering the French consumer markets.
In 2018, GMP posted market-leading growth of 11% compared to 2017, representing more than 55% of market share through its two terminals (Terminal de France and North Terminals).
The new berths are envisaged to include new state-of-the-art equipment to service large container vessels, creating a terminal with smarter trade-enabling solutions to increase productivity and greatly enhance its service capability and quality.
The new berths are also to include a 35-hectares stacking area, direct rail access into the hinterland, and a 7-hectare area dedicated to buildings and operating infrastructures.
The new terminal represents an additional operational capacity of 1 million TEU and will include a 700-meter-long quay and a 42-hectare site.
The concession agreement is for a term of 34 years, including two years of studies and design, two years of civil engineering work and 30 years of operation.
GMP will make significant investments in the development of this new terminal, modernising it to better support trade growth, according to a press release.