DP World London project receives top award
Dubai, April 16, 2012
DP World’s London Gateway project has been awarded the ‘Global Deal of the Year’ at the recently held Infrastructure Journal Awards in London.
The London Gateway team was accompanied by representatives from Allen & Overy, Royal Bank of Scotland and Société Générale, who all played key roles in advising and financing the project, a statement from DP World said.
The award recognises the delivery of outstanding infrastructure projects and is a recognition of the deep-sea container port’s successful project financing, which was fully secured in December last year.
Sarmad Qureshi, director of finance of DP World Europe and Russia, collected the award on behalf of the team. “This award is a further endorsement of the London Gateway project. It sends a clear message to our customers that this is a globally significant development which has secured world class financial backing.”
“Securing this deal has allowed construction to forge ahead and I am delighted that we were able to close on what has been recognised as the best infrastructure project deal in all sectors.”
“We are very confident that London Gateway will be able to deliver substantial supply chain cost savings to global shippers,” he said. “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.”
Conrad Andersen, partner at Allen & Overy, said: “The London Gateway project is one that will deliver tangible benefits to the UK economy.” – TradeArabia News Service