DP World announces major programme of investment for Southampton’s container terminal.
Southampton’s container terminal is set to receive a £40m investment in 2021, says DP World. Southampton is the UK’s second largest container terminal and the new funds are aimed at providing better security, reliability, speed, and flexibility after the Solent was granted Freeport status last month.
The money will be spent on:
• The dredging and widening of the berths to ensure that DP World Southampton will be able to continue to accommodate the world’s biggest ships
• A £10m investment in a new class of eleven hybrid straddle carriers
• A planned £3m investment in the redevelopment of the yard for the storage and delivery of customers’ empty containers
• A new Border Control Post (BCP), including UK Border Force and port health inspection facilities, to enable multiple government agencies to expedite checks on cargo entering the country
• A £1.5m extension of a quay crane rail by 120 metres to ensure that the world’s biggest cranes can service all berths at the terminal
Ernst Schulze, Chief Executive of DP World in the UK, branded Southampton “the most productive port in Britain” adding that it “turns container trucks around faster than any of its competitors and at 30 per cent also has the highest proportion of its containers moved by rail.”
He added: “At DP World we think ahead to create smarter trade solutions and this £40m programme of investment will ensure that our Southampton terminal continues to grow as a major freight and logistics hub.
“Our aim is to partner in our customers’ business success and we are already seeing a surge of interest from companies which want to take advantage of the customs zone and tax benefits resulting from Southampton and London Gateway becoming Freeports.”