Bradley: "Congress Has a Duty to Review DP World Port Management Deal"

From The Office of Congressman Jeb Bradley

For Immediate Release - Friday, March 3, 2006

Contact - Stephanie DuBois, (202) 225-5456

BRADLEY: "CONGRESS HAS A DUTY TO REVIEW DP WORLD PORT MANAGEMENT DEAL"

Hears testimony at Armed Services Committee hearing about U.S. port operations

(Washington, D.C.) - Yesterday, First District Congressman Jeb Bradley heard from defense personnel, security experts and representatives of Dubai Ports (DP) World at a hearing of the House Armed Services Committee about the national security implications of the pending acquisition that would allow DP World, a maritime company owned by the United Arab Emirates, to manage several ports in the United States. DP World has agreed to purchase London-based P&O Worldwide, which currently controls operations in several major U.S. ports.

"There have been significant questions raised about the depth of the examination of the potential security implications of this ownership transaction," stated Bradley. "Even though port security would still be provided by the U.S. Coast Guard, a more expansive and open review of the ramifications of the deal is needed to ensure that there are no security risks at our nation's ports. I look forward to hearing an explanation of the analysis and facts from the administration as the investigation gets under way."

Bradley is an original cosponsor of legislation introduced by Homeland Security Committee Chairman Peter King (R-NY) that would ensure Congress' oversight role in the review of DP World's acquisition of P&O Worldwide. Although DP World announced that it would delay the deal and submit to a 45-day investigation by the Committee on Foreign Investment in the United States, this legislation would require that certain criteria be met during the investigation and will allow Congress to develop a greater understanding of any potential national security implications.

"Clearly, many American citizens have concerns about the security of our nation's ports. It is important to ensure that port security at the six facilities in question, or at any of our nation's other ports, is not compromised," Bradley concluded.