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DP World, $430m Peru investment

  • United Arab Emirates: Wednesday, July 26 - 2006 at 07:38

DP World plans to invest $430m in a container port in Peru as part of its expansion plans in South America, Gulf News reported. The Dubai-based ports operator signed a 30-year concession Monday to build and operate a terminal with a capacity of 1.3m TEU a year near the Peruvian port of Callao. DP World won a bid last month to build the terminal in partnership with Peru-based Unimar.

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