Khalifa Port, which began commercial operations last month, will handle 1.2 million TEUs, or 20-foot standard containers, by 2014, Tony Douglas, the port company's chief executive officer, said in an interview. Abu Dhabi Ports will need to order six more cranes to utilize the port's current 2.5 million TEU capacity, he said.
"There is no shortage of opportunities" to get financing "for any debt that's required," Douglas said. "There's every chance that next year we may look at syndicated financing. We have no plans to go the bonds or sukuk route."
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