Port operator DP World and its partner Caisse de dépôt et placement du Québec (CDPQ) have announced plans to expand their investment platform for ports and terminals with an additional commitment of $4.5bn.

This will increase the total platform size to $8.2bn.

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In December 2016, the companies announced their partnership to create a $3.7bn platform to invest in ports and terminals worldwide.

DP World owns a 55% stake in the platform, while the remaining 45% is held by CDPQ.

So far, the platform has invested in ten port terminals around the world and across different stages of the lifecycle of the asset.

The enhanced platform is expected to target assets around the world with an increased focus to expand the footprint in current locations, including Europe and the Asia Pacific.

The investment platform will follow its implementation and diversification goals with the expansion to the wider parts of the integrated maritime supply chain.

DP World group chairman and CEO Sultan Ahmed Bin Sulayem said: “The partnership between DP World and CDPQ has been very successful and we have benefited from each other’s expertise.

“The opportunity landscape for the port and logistics industry is significant and the outlook remains positive as consumer demand triggers major shifts across the global supply chain.

“Best-in-class well-connected ports and efficient supply chains will continue to play an active role in advancing global trade and cultivating the business environments closest to their operations.

“Alongside CDPQ, a steadfast partner whose long-term vision we share, we look forward to working together on new investments that will connect key international trade locations worldwide.”

In May, CDPQ acquired a 45% interest in DP World Chile.

In February, DP World and CDPQ acquired Canada’s Fraser Surrey Docks from Macquarie Infrastructure Partners (MIP).