UK: London Gateway Scoops Prestigious Award

London Gateway Scoops Prestigious Award

DP World‟s London Gateway project has been awarded the coveted „Global Deal of the Year‟ for 2011 at the Infrastructure Journal Awards.

The successful 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.

The award recognises the delivery of outstanding infrastructure projects and is recognition of the deep-sea container port successful project financing, which was fully secured in December last year.

Sarmad Qureshi, Director of Finance for DP World’s Europe and Russia region, collecting the award on behalf of the team said: “This award is 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. No mean feat, given the economic climate we operate in.

We are very confident that London Gateway will be able to deliver substantial supply chain cost savings to global shippers. 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.

Kevin Maddick, Head of Infrastructure at RBS, said: “Leading the debt advisory and financing on this project allowed us to see for ourselves what a critical piece of infrastructure London Gateway will become for the UK. Working with our partners on the team, we were all impressed by the vision of the project and this award vindicates our confidence in financing its development.

Conrad Andersen, Partner at Allen & Overy, was delighted to be part of the winning team: “The London Gateway project is one that will deliver tangible benefits to the UK economy. This award is testament to the hard work and dedication of everyone involved in making the project a success and ensuring the financing was put in place quickly and efficiently was an important part of that.”

Charles Greenfield, Managing Director of Infrastructure at Société Générale, commented: “I am delighted that the DP World London Gateway has received this deserved recognition. This was a world class financial deal for a world class project. Securing top quality funding for projects has been a challenge for some organisations in recent times. I am pleased that the DP World London Gateway project was able to demonstrate a strong mix of vision and benefits to end users, which went a long way to help secure the financing.

Dredging Today Staff, April 16, 2012; Image: londongateway

Share this article

Follow Dredging Today

Events>

<< Aug 2015 >>
MTWTFSS
27 28 29 30 31 1 2
3 4 5 6 7 8 9
10 11 12 13 14 15 16
17 18 19 20 21 22 23
24 25 26 27 28 29 30
31 1 2 3 4 5 6

TIPC to Host 102nd APP Annual Conference

102nd Conference will offer a productive exchange of new technologies, knowledge, and management experience and continue to foster closer…

read more >

StormCon

Now entering its 14th year and serving a global audience StormCon is the premier event for stormwater pollution prevention and surface…

read more >

Coastal Engineering Asia

WHY YOU CANNOT MISS THIS EVENT

Join Trueventus Coastal Engineering Asia, a truly International platform presenting dynamic technical discussion on the present-day coastal engineering challenges. Topics namely on marine clay, dredge materials, flood mitigation and effective use of soil compression are of the many interesting topics presented.  Join us on this 2 days journey in defining coastal engineering well into the modern engineering history at the beautiful shores of Asia- Singapore!

KEY FEATURES OF THIS CONFERENCE

  • Hearing from the successful coastal projects
  • Gauging the key benefits of using soil compression method to strengthen soil
  • Mastering effective and cost-saving excavation and sediment disposal methods
  • Learning new innovations, techniques and technologies in marine structure engineering and construction
  • Exploring the advances in the field of design and construction of coastal structures

 More info

read more >

HYPACK Seminar – Cartagena, Colombia (Spanish)

This course will be taught in Spanish. The 3-day training seminar will cover all the aspects of single beam and multibeam hydrographic…

read more >

Jobs>

Senior Engineer

Gahagan & Bryant Associates, Inc. (GBA) is posting the following career opportunity in their Houston, TX and Baltimore, MD and Tampa, FL offices...

apply

Hydrographic Surveyor

Gahagan & Bryant Associates, Inc. (GBA) is posting the following career opportunity in their Houston, TX and Baltimore, MD and Tampa, FL offices....

apply