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A Big HIT for Port of Immingham
01 Sep 2004
Associated British Ports (ABP) has announced its largest ever investment in a terminal development, £44. m for a new coal facility at its Port of Immingham which will serve the UK's electricity supply industry.
The new development represents a major extension of the group's existing deep water cargo berth, the four year old Humber International Terminal (HIT), and will be capable of handling up to 7.5 million tonnes of coal per year. The facility is being built on the back of term agreements between ABP and BHP Billiton, Drax Power, and EDF Energy.
Government approval has already been received for this development and construction work is underway, with Edmund Nuttall contracted to build the jetty. ABP subsidiary company UK Dredging has already undertaken Phase 1 of a dredging programme with its vessels UKD Marlin and UKD Seahorse removing soft sediments. Phase 2 of the dredging is scheduled for the Spring of next year. The new terminal is expected to handle its first shipment of imported coal by mid-2006.
The announcement marks ABP's second major port development initiative of the summer for Immingham. In July, the Government gave ABP permission to develop a £35m riverside ro-ro terminal capable of handling three vessels simultaneously. Construction is due to start this autumn.
ABP has plans to invest in excess of £400m over the next decade in its core UK ports business, including three further river terminals on the Humber.
MJ Information No: 19802
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