DP World Signs New Lease Extension at Oz Port

8 July 2009 (Last Updated July 8th, 2009 18:30)

International marine terminal operator DP World has signed a new 15-year lease extension contract with Sydney Ports Corporation for its operations at Port Botany, Australia. Under the agreement, DP World will handle container terminal operations at Port Botany until 2024.

International marine terminal operator DP World has signed a new 15-year lease extension contract with Sydney Ports Corporation for its operations at Port Botany, Australia.

Under the agreement, DP World will handle container terminal operations at Port Botany until 2024.

The new lease includes incentives to improve truck servicing and rail performance, and to reduce terminal and road congestion.