British Ports: 250 million pounds to back up British trade after Brexit

by David Fleschen

Associated British Ports (ABP), the UK's leading port operator, recently announced another investment to improve its facilities at Hull, bringing its total investment since the EU referendum in 2016 to GBP 250 million. This investment program demonstrates the group's commitment to maintaining British trade with Europe and the rest of the world after Brexit.

ABP is actively working to assist companies concerned about a no-deal brexit and potential disruptions to Dover port that could cause it. ABP's container and ferry services on the Humber River are able to help companies avoid this disruption and provide scheduled and reliable services to Europe. Each week, more than 70 rides connect the Humber with a number of destinations, including Belgium, the Netherlands, Denmark and Poland.

Highlights of the investment include: GBP 50 million to increase capacity at its container terminals at the ABP ports of Hull and Immingham; £ 65 million to help secure the future of the steel industry on the Humber River; £ 55 million to improve the Southampton port's car and cruise offer; and a range of other investments through its network of 21 ports in England, Scotland and Wales.

Henrik Pedersen, ABP's Chief Executive Officer, said: "For ABP, the job of securing British trade is a responsibility that we are passionately committed to, and we continue to invest in our people, equipment and capabilities, to give us the flexibility and resilience We have already noticed an increase in the volume of our ports on the Humber as customers seek an alternative to Dover Our ports have been operating at world class standards for years We have proven that we are ready to meet the needs of new customers.

"We want to send a strong message that ABP is ready to sustain British trade during Brexit and will continue to invest to boost trade and create long-term jobs."

ABP is an important component in the UK's trade infrastructure, turning nearly £ 150 billion of UK trade into its port network, contributing £ 7.5 billion to the UK economy, and supporting nearly 120,000 jobs in its supply chains. In addition, the company has a large land bank around its ports, which provides ample room for growth and business expansions.
Source: ABP, photo: fotoalia

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