The Dover Western Docks Revival project will create a purpose-built cargo and logistics facility.
Allianz Global Investors has agreed to provide a 拢55m private placement bond; RBS and Lloyds Bank have each provided a 拢35m revolving credit facility; and the European Investment Bank has confirmed a 拢75m loan.
Port of Dover chief executive Tim Waggott said: 鈥淒over Western Docks Revival is the single biggest investment ever undertaken by the Port of Dover. It will define how we operate for decades to come. Currently handling 17% of all the UK鈥檚 trade in goods, it is crucial the Port continues to evolve to meet the demands of an ever-changing political and trading landscape.
鈥淭he financial support supplied by blue chip lenders underlines the critical role Dover fulfils for UK and European economies, businesses and consumers 鈥�. A prominent role which will remain into the future post Brexit.鈥�
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