Tuesday 5 January 2010

Go-ahead for Thames Gateway project

The port arm of debt-ridden Dubai World has announced it is pressing on with its delayed Thames Gateway project after putting the £1.5 billion development under review.

DP World said it had decided to go ahead with "essential infrastructure" for the port, which will be built on the north bank of the Thames estuary.

There had been fears over the future of DP World's flagship UK project after the group took stock amid a steep downturn in global trade and in light of Dubai's recent woes.

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