News from February 2009 - Page 2 of 3

APM explores potential UK port development

22nd of February, 2009

The Financial Times has reported that talks are underway between the operator of the Port of Bristol in the UK and APM Terminals over the possible construction of a new container terminal.

Oman keen to continue with infrastructure projects

20th of February, 2009

Oman has stated its determination to press ahead with its $1.8 billion development plan for the construction of a port at Duqm, according to reports in the Middle East.

$750m Port Manatee development approved

19th of February, 2009

Following nearly three years of study, the Manatee County Port Authority has approved Port Manatee's $750 million development plan, which aims to take advantage of the expansion of the Panama Canal scheduled for completion in 2014.

$600m Taipei project on track

18th of February, 2009

The US$600 million construction project at the port of Taipei has taken a major step forward with the February 18th launch of container services from the facility.

Rizhao set for share issue

17th of February, 2009

The Port of Rizhao is set to raise approximately US$180 million in funding for investment in port development through a share issue, according to reports in China.

Multi-billion dollar investments planned for Mauritius

17th of February, 2009

Mauritius Finance Minister Rama Sithanen has stated that the Republic intends to spend 125 billion rupees ($3.7 billion) over the next 10 years to improve the island’s infrastructure.

NADB agrees San Luis port development loan

17th of February, 2009

The North American Development Bank (NADB) has signed a loan agreement for up to $138.5 million pesos (approximately US$9.4 million) with Concesionaria y Operadora del Puente Internacional Cucapá, S.A. de C.V. (Cucapá) to build a second international crossing between the port of San Luis Rio Colorado, in Sonora, Mexico, and San Luis, Arizona.