Global marine terminal operator DP World has informed that it has inked a new 15-year operating lease extension at Port Botany in Sydney, Australia.
 
The sources said that lease pact is the third DP World contract in Australia this fiscal, following the recent 40-year lease renewal at DP World Brisbane and a new 30-year operating lease at Adelaide.
 
The sources further added that the new lease reflects the NSW Government's commitment to improving overall port efficiency, and entails specific incentives to improve truck servicing and rail performance.

DP World authorities said that the Australia region constitutes a key element in DP World's worldwide portfolio.
 
In a communiqué the company said that this contract assures all of its customers will continue to have access to the most comprehensive ports network in the country.