EFTA02440591.pdf

To: jeeprojectepohoo.compeeproject©yahoo.com] From: Sultan Bin Sulayem Sent Thur 7/30/2009 12:43:22 PM Dear Jeffrey Just to refresh your mind on our project in London Sultan London Gateway • UK' largest inward investment infrastructure project £1.8 billion • One of the UK's largest job creation opportunities, 44,000 sustainable jobs including 6,000 construction jobs in the short to medium term • Will add £3.8 billion to UK GDP per annum • UK treasury will earn £4.4Billion at Zero risk in the period it takes DP World to earn its pay back, 17 years (well beyond our normal investment criteria) • 100% commercial risk rests with DP World. • London Gateway will be a significant national asset, a unique logistics platform in the heart of tlx: Thames Gateway (the UK's biggest regeneration zone) • Largest logistics park in Europe. Bringing the UK's supply chain in to the 2 I sy Century, taking 700,000 trucks off national roads and 70.000 tons of CO2 every year. • On the global stage. the UK is now unattractive as a country to invest in due to additional burden required to fund assets not owned by DP World. • DP World penalized for creating a national improvement. • The Project is now on hold Solution • DP World still committed to investing £168 million into off-site infrastructure that will connect to national infrastructure. We would like UK Government support to fund this immediate of site infrastructure. • UK government to invest £ 144 in to its own national infrastructure, off site to London Gateway. • Since banks arc not very optimistic on UK economy UK Govt to support/Guarantee the debt. • HMG will fear this will create a dangerous precedent. This is not the case. DP World will still pay for inunodiate off site infrastructure (with Govenunent support in place for the funding of this). DP World has significantly changed and improved the traffic assumptions since the Public Inquiry in 2004 when the Project was under P&O ownership. London gateway will have less than 5 % impact on key infrastructure such as the M 25 and therefore NOT trigger any funding requirement by the Promoter,DP World. ************* *********************** ******** DiscLA/HER ******* ******************** This email and any files transmitted with it are confidential and contain privileged or copyright information. If you are not the intended recipient you must not copy, distribute or use this email or the information contained in it for any purpose other than to notify us of the receipt thereof. EFTA_R1_01514612 EFTA02440591 If you have received this message in error, please notify the sender immediately, and delete this email from your system. Please note that e-mails are susceptible to change.The sender shall not be liable for the improper or incomplete transmission of the information contained in this communication, nor for any delay in its receipt or damage to your system.The sender does not guarantee that this material is free from viruses or any other defects although due care has been taken to minimise the risk. ************* *******Itle*Itf********** ************************** *******Itle*Itf******** EFTA_R1_01514613 EFTA02440592