Published: 2019-01-29

ABP's No-Deal Brexit investment plan

Ports & terminals ABP's No-Deal Brexit investment plan

Photo: ABP

Associated British Ports (ABP) have announced that the organisation is working to support businesses anxious about the event of the country leaving the EU without a deal.

The company's planned investments include £50m to boost capacity at its container terminals in Hull and Immingham; £65m to help ensure the future of the steel industry on the river Humber; £55m to enhance the automotive and cruise offerings in the Port of Southampton; along with a range of other investments throughout its network of 21 ports across England, Scotland, and Wales.

"For ABP, 'keeping Britain trading' is a responsibility that we are passionately committed to. We are continuing to invest in our people, equipment and capability, so that we have the flexibility and resilience we need to help UK trade to flow and grow. We have already seen volumes begin to rise at our ports on the Humber as customers look for alternatives to Dover," Henrik Pedersen, CEO, ABP, commented.

He also added, "We want to send a strong message that ABP stands ready to keep Britain trading through Brexit, and we will continue to invest to drive trade and create jobs over the longer term."
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