Although no financial details were released, the two companies share holdings will be 60% for DP World and 40% for Flinders Ports.
The partnership with one of the largest marine terminal operators in the world has been described as ‘a real plus’, and one that will bring major opportunities to the region, according to Vincent Tremaine, CEO of Flinders Ports.
DP World has already invested heavily in the terminal and sees this agreement allowing further investment. “We are very pleased to have finalised the concession for DP World Adelaide through to 2039. That continuity is important to allow us to expand the facility’s capacity to meet the future needs of customers. We see considerable potential in this market,” said Anil Wats, DP World chief operating officer.
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