• HSBC

DP World signs 15-year lease with Port Botany

  • United Arab Emirates: Tuesday, July 14 - 2009 at 12:02

Global marine terminal operator DP World has signed a new 15-year operating lease extension at Port Botany in Sydney, Australia. The lease agreement is the third significant DP World contract in Australia this year, following the recent 40-year lease renewal at DP World Brisbane and a new 30-year operating lease at Adelaide. The new lease is expected to improve overall port efficiency, and includes specific incentives to improve truck servicing and rail performance, and is expected to significantly ease terminal and road congestion, whilst reducing energy consumption.

Article Options

Disclaimer »

The information comprised in this section is not, nor is it held out to be, a solicitation of any person to take any form of investment decision. The content of the AMEinfo.com Web site does not constitute advice or a recommendation by AME Info FZ LLC / Emap Limited and should not be relied upon in making (or refraining from making) any decision relating to investments or any other matter. You should consult your own independent financial adviser and obtain professional advice before exercising any investment decisions or choices based on information featured in this AMEinfo.com Web site.

AME Info FZ LLC / Emap Limited can not be held liable or responsible in any way for any opinions, suggestions, recommendations or comments made by any of the contributors to the various columns on the AMEinfo.com Web site nor do opinions of contributors necessarily reflect those of AME Info FZ LLC / Emap Limited.

In no event shall AME Info FZ LLC / Emap Limited be liable for any damages whatsoever, including, without limitation, direct, special, indirect, consequential, or incidental damages, or damages for lost profits, loss of revenue, or loss of use, arising out of or related to the AMEinfo.com Web site or the information contained in it, whether such damages arise in contract, negligence, tort, under statute, in equity, at law or otherwise.