COSCO to develop new terminal in Khalifa
COSCO Shipping’s port operating subsidiary has signed a concession agreement with Abu Dhabi Ports to develop and operate a new container terminal at Khalifa Port, located midway between Dubai and Abu Dhabi.
The new Khalifa Port Container Terminal 2 will be operated by a joint venture (JV) including COSCO Shipping Ports Limited – Abu Dhabi (CSPL SPV) as the majority shareholder for 35 years, with the option to renew it for an additional 5.
The new facilities will have an 18 m draft depth with 1,200 m of quay wall and adjacent land.
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