The Netherlands: RWG Achieves Financial Close for Maasvlakte 2

RWG Achieves Financial Close for Maasvlakte 2

Rotterdam World Gateway (RWG), a consortium of DP World, APL, MOL, HMM and CMA-CGM, has achieved financial close for the project financing of the first phase of container terminal 1 on the Maasvlakte 2 in Rotterdam.

The reclamation of the plot has been undertaken by the Port of Rotterdam since 2009, with the first 1,150m section of RWG’s quay wall now complete. Construction of the RWG terminal will start on short notice, ahead of its opening in the second half of 2014. On completion, RWG’s first phase will be a state-of-the-art fully automated facility, with 20m depth alongside, a dedicated rail and barge terminal, and a handling capacity of 2.35m TEU.

The lenders for the financing are ABN-Amro, BTMU, KfW Ipex, Mizuho, NIBC, SMBC and West LB. The senior facility has a tenor of 20 years, with a total commitment of €360m.

Dredging Today Staff, June 20, 2012; Image: portofrotterdam

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3rd International Congress Hydraulic Engineering Structures and Dredging

Russia’s leading maritime industry Media Group PortNews (www.portnews.ru) holds a traditional annual Congress “Hydraulic Engineering Structures and Dredging” in Moscow. 

The two-day Congress includes the 7th International Forum of Dredging Companies and the 3rd Technical Conference “Modern Solutions for Hydraulic Engineering”.

Infrastructure development is among the real sources of Russia’s economy growth. Construction of port facilities and new hydraulic engineering structures on the country’s inland waterways constitute an essential part of all infrastructure projects. It is important to take into account the best international practices to implement these projects effectively.

The program of the Congress will be devoted to the latest technologies for dredging and hydraulic engineering works. Speakers and delegates will refer to real projects to discuss specifics features of dredging works, as well as dedicated fleet and equipment involved.

To learn more about event, please, contact the organizing committee: snitko@portnews.ru

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