The Netherlands: RWG Achieves Financial Close for Maasvlakte 2

Rotterdam World Gateway (RWG), a consortium of DP World, APL, MOL, HMM and CMA-CGM, has achieved financial close for the project financing of the first phase of container terminal 1 on the Maasvlakte 2 in Rotterdam.

The reclamation of the plot has been undertaken by the Port of Rotterdam since 2009, with the first 1,150m section of RWG’s quay wall now complete. Construction of the RWG terminal will start on short notice, ahead of its opening in the second half of 2014. On completion, RWG’s first phase will be a state-of-the-art fully automated facility, with 20m depth alongside, a dedicated rail and barge terminal, and a handling capacity of 2.35m TEU.

The lenders for the financing are ABN-Amro, BTMU, KfW Ipex, Mizuho, NIBC, SMBC and West LB. The senior facility has a tenor of 20 years, with a total commitment of €360m.

[mappress]

Dredging Today Staff, June 20, 2012; Image: portofrotterdam