Cosco to Build New Container Terminal at Khalifa Port

Abu Dhabi Ports has awarded a concession to build and operate a new container terminal at Khalifa Port to Cosco Shipping Ports Limited – Abu Dhabi (CSPL SPV), a wholly-owned subsidiary of Cosco Shipping Ports Limited.

As per the agreement, the company will be entitled concession rights of Khalifa Port Container Terminal 2 for a span of 35 years, with a renewable period of 5 additional years.

Cosco Shipping will operate a container terminal with a draft depth of 18 meters, with 1200 meters of quay wall and adjacent land.

The first 800 meters of the quay length and the corresponding concession area are expected to commence operations in H1 2018 and the later 400 meters (and the corresponding expanded concession area) is expected to start its operations in 2020.

Once the expansion areas are occupied, the concession area will span an area of approximately 70 hectares with 3 berths, which will add 2.4 million TEUs a year to the port’s existing capacity of 2.5 million TEUs.

The agreement includes the option for a further 600 meters of quay length in the future to allow for anticipated volume growth.

The nominal annual handling capacity will increase to 3.5 million TEUs when all phases are complete, creating a new overall annual capacity of up to 6 million TEUs.

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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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