Betting on an increase in UK trade following Brexit, the owner of Britain’s busiest port complex – ABP – is investing £50 million to expand its operations.
ABP will double the capacity of two container terminals on the Humber at Hull and Immingham, to address 41 percent growth in volumes since 2013.
We have seen significant growth at our Humber container terminals in recent years and all the indications are that this will continue despite Brexit.- Director, ABP Humber
ABP has committed £1 billion of investment across its 21 British ports over the next five years. It has already spent £50 million on a car handling terminal in Southampton, since the June 2016 referendum.
Other British ports are also investing. Bristol plans a £600 million deep-sea terminal, and Dover is spending £250 million on its western docks to improve freight facilities. Teesport has purchased new cranes in a £10 million expansion, and Tilbury wants to build a second terminal.