WASHINGTON (AP) - The chief executive of Dubai Ports World
insists his firm poses no security risk to the U.S.
Mohammed Sharaf tells CNN's "Late Edition" he expects the proposed $6.8 billion purchase of London-based Peninsular and Oriental Steam Navigation Company will be completed.
Sharaf says "all the authorities are comfortable with the security measures that we take." As he puts it, "As far as we are concerned, the deal is going to go through, and the British government has approved it."
The Bush administration initially approved the deal which would let the company take over significant operations at several major U.S. ports.
But in the wake of a bipartisan backlash, the administration has agreed to a 45-day investigation of potential security risks.
The government could end up blocking the U.S. portion of the deal.