DP World’s London Gateway project has been awarded the coveted Global Deal of the Year for 2011 at the Infrastructure Journal Awards.
The award recognizes the delivery of outstanding infrastructure projects and is in recognition of the deep-sea container port’s successful project financing, which was fully secured in December last year.
“This award is further endorsement of the London Gateway project,” said Sarmad Qureshi, Director of Finance for DP World’s Europe and Russia region.
“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,” added Qureshi.
The successful London Gateway team was accompanied by representatives from Allen & Overy, the Royal Bank of Scotland and Société Générale, who all played key roles in advising and financing the project, in accepting the award.
London Gateway, scheduled to open in Q4 2013, will be located on the north bank of the River Thames, adding an additional 3.5million TEU to the UK’s port capacity.