Monday, 7 December 2009

Long-term parking

There is clearly no current commercial need for DP World's London Gateway container terminal and, let's face it, there's unlikely to be for some years. Behind the brave faces and talk of fiexamining all the optionsfl, it's just not going to happen anytime soon.
With the Felixstowe South development under way and due to enter some sort of operation in the next couple of years, there will be plenty of capacity to handle the country's imports, even if they return to 2007 levels in an unexpectedly short time.
Which makes the request of Thurrock Council to borrow - or however the financing is structured - money to fund the development of the logistics park adjoining the port plainly ridiculous.
The whole point of the enormous London Gateway logistics park was to almost instantly create the type of fiport clusterfl that makes ports attractive to lines and their customers.
But there's no point in having that logistics park until the terminal also exists.

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