ID :
118636
Sun, 04/25/2010 - 15:06
Auther :
Shortlink :
https://oananews.org//node/118636
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DP World investment in Peru to reach Dh2.7bn
Dubai, April 25, 2010 (WAM)- DP World will have invested Dh2.7 billion in developing a section of Callao, Peru's largest port, when completed in 2012, its Chief Executive said in remarks published yesterday.
The first phase of Callao's southern container terminal will be completed in May, while the third and last phase was expected to be finished in 2012, Mohammed Sharaf told the daily newspaper Al Bayan.
DP World had made a Dh4.8bn offer for the development of a container terminal in Callao's northern section, Sharaf said. The Peruvian government was currently considering all offers for the project, he said. DP World is one of the largest port operators in the world and is 77 per cent owned by Dubai World.
On March 25, the Dubai government unveiled a $9.5bn (Dh34.86bn) restructuring proposal for Dubai World that would give bank lenders their money back in five to eight years and repay two key bonds.
The Dubai government had previously said DP World's assets were ring-fenced from any potential claims by creditors and the company was not part of the broader restructuring plan.
The first phase of Callao's southern container terminal will be completed in May, while the third and last phase was expected to be finished in 2012, Mohammed Sharaf told the daily newspaper Al Bayan.
DP World had made a Dh4.8bn offer for the development of a container terminal in Callao's northern section, Sharaf said. The Peruvian government was currently considering all offers for the project, he said. DP World is one of the largest port operators in the world and is 77 per cent owned by Dubai World.
On March 25, the Dubai government unveiled a $9.5bn (Dh34.86bn) restructuring proposal for Dubai World that would give bank lenders their money back in five to eight years and repay two key bonds.
The Dubai government had previously said DP World's assets were ring-fenced from any potential claims by creditors and the company was not part of the broader restructuring plan.
