DP World and pension fund Canadian CDPQ create a platform of investments for the harbour and terminalistico field
the total equipment of resources will be of 3,7 billion dollars
December 5, 2016
The terminalista group DP World of Dubay and the pension fund Canadian Caisse de dépôt ET placement du Québec (CDPQ) have decided the constitution of a platform of investments dedicated to the harbour and terminalistico field, with the exclusion of initiatives in the United Arab Emirates, that it will have a equipment of deep for total five billions of Canadian dollars (USA 3,7 billion dollars) and that will be participated to 55% from the Middle Eastern group and to 45% from the North American bottom.
DP World and CDPQ have specified that the platform will invest in particular in the nations that enjoy mainly credit reliability and in already existing activities. However one previews that until 25% of the resources it can be dedicated also to investments in new activities.
The first investment in the within of the agreement between the two partner will be carried out in the container terminal of the ports of Vancouver and Prince Rupert of which DP World it has obtained recently the management and that they represent the first investment of the group of Dubay on the North American coast of the Pacific ( on 1° August 2016). The agreement previews that participant CDPQ to the two initiatives with quotas pairs to 45% of the total investing to you 865 million dollars Canadian (USA 640 million dollars).
Manifesting satisfaction in order to have found in the Canadian bottom a partner with the same strategic vision of DP World, the president and managing director of the Middle Eastern group, the sultan Ahmed Bin Sulayem, it has observed that "the opportunities in the harbour field and the terminal continues to being important and - has added - this partnership offers a greater flexibility to us in order to take advantage of these opportunities and meanwhile to maintain a remarkable solidity patrimonial and to preserve the control. Arranging our deepened acquaintance of the field of handling of the container with the competence of CDPQ in the investments in infrastructures and the programming in the long term - it has concluded - we will be able to continue to develop the harbour and terminalistico field totally".
The president and managing director of the CDPQ, Michael Sabia, have evidenced that "through this new platform of investments with DP World, terminalistico and harbour operator of world-wide level, the Caisse will have an exclusive access to transactions high-quality and the opportunity to invest all over the world in best harbour infrastructures".
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