DP World-backed London Gateway to continue as planned

DP World has said that the project to build the London Gateway, Europe's largest combined deep sea port and logistics park, would go ahead.

Plans for the port project were put under review after DP World's parent company, Dubai World hit financial difficulties towards the end of 2009; however, DP World has decided to proceed with the construction of the facility. It will, however, continue to review the development of the port and park operations.

British Prime Minister Gordon Brown said that London Gateway was a significant foreign investment. It will be the first new deep sea container port in Britain in over 25 years. The US$2.4 billion port is planned as a hub, with containers to be sent via smaller ships to other ports around Britain.

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