Leading UK port operator Associated British Ports (ABP) has announced the latest tranche of its capital investment programme, which aims to secure the long-term future of all ports in South Wales.
The investment totals 42 million GBP and includes the delivery of a new deep-water berth at Middle Quay in Newport, as well as facilitate upgrades at both Swansea and Cardiff, forming part of a total capital investment programme of 137 million GBP for ABP in South Wales.
The announcement coincides with the Welsh Government’s Investment Summit, which saw the First Minister highlight a number of major investments in Wales.
Development at the Port of Newport will increase its overall handling capacity, enabling the location to handle some of the largest vessels in the world (up to 220 metres Length Over All) and strengthening its role in the global supply chain, as well as provide new opportunities for businesses seeking access to international trade routes.
Infrastructure improvements at the ports of Swansea and Cardiff will also seek to improve operational efficiency and ensure customers experience modern, sustainable infrastructure.
First Minister of Wales, Eluned Morgan, said:I’m delighted that ABP has announced this significant investment in Welsh ports at our Wales Investment Summit today. Long term investment in our port infrastructure is vital to economic growth and international trade and investment, especially to key strategic industries such as offshore wind. This investment is a real boost for our coastal economies and the people and businesses who rely on them.
