duisport sets up pillar for worldwide port development
Joint venture of Hochtief Concessions AG and duisport starts operating on 1 January 2011
duisport (Duisburger Hafen AG) and Hochtief Concessions AG, a subsidiary of the international construction services specialist Hochtief, have founded a joint venture to develop ports and port terminals together worldwide. The new company will be managing, operating and marketing ports and port terminals. This will be supplemented by planning, development and construction activities. Both companies are each holding 50 per cent of the new enterprise, which will be based in Duisburg. Subject to approval under cartel law the company will start work on 1 January 2011. duisport is providing its port technical and logistics expertise in particular, along with the possibility of integrating projects into its existing logistics network. Hochtief Concessions is contributing its expertise and international market knowledge in structuring, financing and managing large infrastructure projects. The company will also open up access to the global Hochtief network. Quelle: LogEastics |