Forth Ports has purchased an additional 152 acres of land east of the Port of Tilbury, with the intention of expanding its operations there.
Bought from the now decommissioned Tilbury Power Station, owned by RWE, the acquisition brings the port to a total of 1,100 acres.
While the price of the acquisition is not being disclosed, at least £100m ($141m) of investment is planned for infrastructure and facilities on the land.
“The former power station site offers a fantastic deep water berth and the land is ideal for the port centric logistics in which Tilbury specialises,” said Robin Mortimer, chief executive of the Port of London Authority.
“This is a really important development. It’s all part of a picture of growing trade on the Thames, which we are actively supporting through the Thames Vision project,” he said.
Steve Boughton, head of Business Development UK for RWE, said, “We are delighted to have sold part of the site to the Port of Tilbury which we believe offers a fantastic opportunity for businesses and employment in the local area and beyond. We will continue to work closely with the port over the coming months while demolition of some buildings take place. We wish the port every success for its future plans.”
Copyright Ships & Ports Ltd. Permission to use quotations from this article is granted subject to appropriate credit given to www.shipsandports.com.ng as the source.