US$81m funding for Khalifa expansion
A Dh300m (US$81.65m) deal has been agreed between the Abu Dhabi Commercial Bank (ADCB) and Abu Dhabi Terminals (ADT) for the expansion of the Khalifa Port Container Terminal (KPCT) to support its local and global growth strategy.
The funding will be utilised primarily for capital expenditure, corporate services and the re-financing of an existing short-term bridge loan
Since it opened in December 2012, Khalifa Port Container Terminal has seen a 20% year-on-year increase in containers handled.
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