21 August 2008 | Jake Kanter
Port operator DP World has agreed a £400 million contract to build the first phase of an ambitious new port in Essex called the London Gateway.
In a joint venture construction company Laing O'Rourke and waterway contractor Dredging International will start work on the port's quay. The entire build will be completed in the next 10-15 years and will cost £1.5 billion.
London Gateway is the UK's first deep-sea container port to be built in over 25 years and aims to change the way millions of goods are delivered around the country. Situated on the Thames, it will use new technology to speed up the number of containers being loaded on and off ships compared with other UK ports, saving both time and money.
The port will also be combined with a logistics park to help limit the number of products being transported to inland distribution centres, by ensuring goods are sent direct to their destinations. DP World believes 2,000 trucks can be taken off UK roads every day, reducing delivery times, fuel consumption and carbon emissions.
Simon Moore, chief executive of the project, said the deal is good news for the construction industry. "London Gateway is vitally important for today's UK economy. It will deliver the most efficient and technologically advanced port in the world," he added.