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DP World to acquire Canadian container terminal

DP World Limited has agreement to acquire Maher Terminal’s Fairview Container Terminal (Fairview) in Prince Rupert, British Columbia, Canada from Deutsche Bank.

Fairview is a purpose built terminal with a sea-rail link and has a current capacity of 850,000 TEU (twenty-foot equivalent container units), with a just-announced phase two expansion that will take capacity to 1.35 million TEU.

The concession period runs to 2034 with an extension to 2056 after the completion of phase two.

More at Construction Week Online

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