DP World eyes $239 million investment in Australian port

27 Jul, 2008

Dubai Ports World said on Saturday it signed a 40-year lease deal with the Port of Brisbane and is looking to invest 250 million Australian dollars ($239.5 million) in the port in response to market demand.
Under the deal, DP World will lease a container-only terminal for an initial 20-year term, with a 20-year option, Port of Brisbane Corp Chief Executive Jeff Coleman said in a statement.

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