Tuesday, May 8, 2012

New Thames Deep Sea Container Port Places Intermodal Link and Logistics Contracts

London Gateway Freight Park Set to be the Biggest in Europe
Shipping News Feature

UK – WORLDWIDE - Despite the economic woes besetting the world’s trade at large, and container shipping perhaps more than most, the project to construct Britain’s new deep sea port continues to take shape. As the photograph, taken in February, shows the quayside is in place and gives an indication of the potential size of the logistics park, proposed as the largest in Europe, which will occupy the hinterland and where intermodal freight will transfer for storage and distribution.

Opening date for London Gateway is set at Q4 of 2013 and with one third of all traffic set to transfer from rail, Balfour Beatty Civil Engineering has been appointed to construct the first of three rail terminals and double track the branch line into the complex to safeguard against higher traffic levels in the future. Trains up to thirty four wagons long will be able to be accommodated, whilst overall the port is scheduled to throughput up to three and a half million TEU per annum.

To develop the huge freight storage and transfer facility principal DP World has appointed Jones Lang LaSalle as sole property agent for the Thurrock, Essex development and the project has planning consent for a 9.25-million square foot logistics park, bringing large scale warehousing to an area historically short on such facilities considering the tonnages entering the UK via the South East of England.

Staff with agents Jones Lang LaSalle are suitably enthused with their brief describing the project as a ‘game changer’ for the British economy whilst Simon Moore, CEO London Gateway commented:

“Jones Lang LaSalle is the outstanding team chosen to assist DP World in developing Europe’s largest port-centric logistics park. I welcome their international expertise in property development, leasing and financing which will complement our own team”.