DP World wins lease agreement for Canadian container terminal

DP World has signed a long-term lease agreement for the expansion and operation of the multi-purpose Rodney Container Terminal at Saint John, New Brunswick, Canada.

It will commence operations on January 1, 2017. In partnership with the Saint John Port Authority, DP World will oversee an expansion programme which is due to be completed in 2021, with its lease continuing for 30 years thereafter.

The expansion works entail the creation of a 350 m berth, an “enhanced” stacking area and a 12,000 ft intermodal rail yard capable of handling a full train. Additional gantry cranes and modern container handling equipment capable of serving post-Panamax container vessels will also be installed.

Saint John is the only port on Canada’s Atlantic coast served by the country’s Class I railway operators, Canadian National and Canadian Pacific.

Jim Quinn, CEO, Saint John Port Authority, said, “We are delighted to welcome DP World as the new operator of Rodney Container Terminal and to share in the expansion project for the terminal. The commitments that DP World has made to invest in equipment and systems, commercial promotion and sustainability are critical for the long-term success of the project.”

Source: DP World