Dover Set for Expansion
The Port of Dover’s flagship capital building programme has received a major boost after receiving approval for a £200m package of loans from a consortium of UK & European lenders. The Dover Western Docks Revival project will create a purpose-built cargo and logistics facility at the port.
Dover currently handles up to £120bn of UK trade each year and 17 % of all the UK’s trade in goods. Therefore, it has become crucial the port continues to evolve to meet the demands of an ever-changing political and trading landscape.
In addition to the cargo and logistics facilities, Dover Western Docks Revival will also allow the port to create a dedicated ferry terminal in the Eastern Docks and a transformed waterfront. Work is set to begin within the next few weeks and is scheduled to be completed at the end of 2018.
The news was well received by Customs Insights and Uniserve Group Director, Terry Clear, who’s team are located within 800 metres of the Western Docks. Terry said “We invested in larger Dover premises last year to cover our own expansion and to be strategically placed post Brexit”. He added “News that funding has been approved for this much needed expansion to the docks is fantastic for us locally and confirmation that our forward planning has been well placed”.
Customs Insights are the customs consultancy arm of the Uniserve Group and provide a range of consultancy and compliance services including customs regimes, duty management, process and risk management. To find out how Terry and his team can assist you with customs finance and practices please email email@example.com.
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