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Huge Shellhaven port plan gets the go-ahead

NEWS

THE £700 million Shellhaven container port development in Essex is set to go ahead after the takeover bid of client P&O was confirmed this week.

Dubai government-owned DP World and P&O nodded through a 520p-a-share bid worth £3.3 billion on Monday.

Costain, Laing O'Rourke and a joint venture of Nuttall/ Van Ord are vying for the £220 million contract for the first phase of port construction.

The development on the Thames estuary will be the largest of its kind in Britain, capable of handling the largest deep sea container ships and with 3,000 m of quay line.

The winning contractor will be announced next month.