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DP World To Invest €28 Million In Serbian Inland Port Of Novi Sad

DP World to invest €28 million in Serbian inland port of Novi Sad

Source: DP World
Belgrade, Novi Sad (PortSEurope) November 25, 2021 – DP World is to invest €28 million ($31.3 million) in the Serbian inland port of Novi Sad. The port is located on the Danube river, about 90km upstream from the capital Belgrade. An announcement by Serbia’s port governance agency (AUL – Агенција за управљање лукама) said DP World a.d. Novi Sad would invest the money in port infrastructure
and equipment with a focus on technical modernisation and port management processes. On the Serbian side, the agreement was signed by Director of AUL, Vuk Perović, and General Manager of DP World a.d. Novi Sad, Claudio Negreanu. The works will take place in two phases and including the reconstruction of port roads and quay walls, together with a new quay wall. The investment demonstrates that DP World, a leading, global logistics operator, sees inland waterway transport as key part of its business strategy. At the end of 2018, the Serbian Government resolved to begin privatising the Port of Novi Sad. The procedure was completed in May 2019, with the successful bidder being a consortium of P&O Ports FZE managed by DP World from the UAE. This consortium became the owner of the Port of Novi Sad. P&O Ports FZE is a specialist company which manages small, multi-purpose ports including container terminals, bulk cargo and general cargo. Copyright (C) PortSEurope. All Rights Reserved. 2021.

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