DP World Signs New Lease Deal at Port Botany |
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DUBAI - Global marine terminal operator DP WorldDP World
has signed a new 15-year operating lease extension at Port Botany in Sydney, Australia.
The lease agreement is the third significant DP WorldDP World contract in Australia this year, following the recent 40-year lease renewal at DP WorldDP World Brisbane and a new 30-year operating lease at Adelaide. The new lease reflects the New South Wales Government's commitment to improving overall port efficiency, and includes specific incentives to improve truck servicing and rail performance, a Press statement said.
Sydney Ports Corporation CEO Grant Gilfillan and Senior Vice-President and Managing Director for DP WorldDP World's Australia region Jack Williams, signed the contract at Port Botany, in the presence of Premier Nathan Rees and the Minister for Minister for Ports and Waterways Joe Tripodi. Rees called the signing a 'major vote of confidence' in the New South Wales economy.
"The Australia Region constitutes a key element in DP WorldDP World's global portfolio. We are confident in our ability to make a significant and growing contribution to the region's future growth and competitiveness, through our overriding focus on efficient, high-quality terminal services," Mohammed Sharaf, CEO, DP WorldDP World, said. ?
© Khaleej Times 2009
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