Two phases of ACT expansion cost $850mln
The Source: www.sabanews.net - 02/12/2009
Home \
Business News
Dubai and Aden Port Development Company (DAPDC) is planning to expand and develop Aden port and Aden Container Terminal (ACT) in two phases at a cost of $850 million, under the partnership agreement between Gulf of Aden Port Corporation and Dubai Ports World.
According to DAPDC's statement, the company is currently completing arrangements for expanding the quay and backyards of ACT.
The statement pointed that the expansion will be 400 meters as a first phase, followed by expansion of about 900 meters in the second phase, bringing the total length of the berth in the future to 2000 meters to the west from the existing terminal.This important economic step aims to raise the ACT's capacity and inserting support equipments and purchasing a gantry crane for handling containers in the yard, the company indicated.The company noted that this expansion will enable the company to restore Mualla container terminal with its two berths to the Gulf of Aden Port Corporation.During that phase, all container handling operations will be transferred to ACT and this would help reducing the pressure on some roads in the city of Aden, which pass by 60,000 TEUs per year are imported and exported through Mualla container terminal, the company added.DAPDC is a joint company between Yemen Gulf of Aden Port Corporation and Dubai Ports World , was established to develop and operate the new Aden container port and the old Aden port with 50 per cent for each part. The company establishment agreement was signed in July 2008 and in November 2008 the company starts its work as an operator and developer of the port and the terminal.
|