Saturday, November 23, 2024

£200m Immingham Ro-Ro terminal development features in International Investment Summit

Development Consent has been given for a £200m freight ferry terminal at Immingham.

It’s the Eastern Ro-Ro Terminal, and is a joint investment by ABP and Stena Line. It featured at today’s Government’s showcase International Investment Summit, where it was hailed as a more resilient and sustainable supply chain solution option for UK businesses, and an important inward investment opportunity for UK logistics infrastructure.

Henrik L. Pedersen, CEO of ABP, said: “We are delighted that the Development Consent Order for the Immingham Eastern Ro-Ro Terminal has been granted. This approval marks a significant milestone in our mission to Keep Britain Trading through enhancing the UK’s logistics infrastructure and bolstering trade capacity across the North Sea.

“The terminal is a key component of our strategy to strengthen the UK’s supply chains and improve trade connectivity, whilst also bringing substantial economic benefits including the creation of hundreds of jobs during construction and ongoing operations. We are confident that, with the necessary adjustments, we can proceed on schedule to begin construction in 2025 and complete the project by 2026.”

Stena Line CEO Niclas Mårtensson said: “We are very pleased that the Secretary of State has approved the new RoRo terminal at the Port of Immingham. The port is of great strategic importance to Stena Line and we’re looking forward to building on the success we have seen in the unaccompanied freight market. This is a long-term commitment for us and will be integral to expanding our freight operations on our routes between the UK and Continental Europe to serve demand.”

Simon Bird, Regional Director of the Humber ports added: “This is fantastic news for the Humber and the UK more generally. The IERRT development significantly increases the Port of Immingham’s capability and capacity for handling unaccompanied freight units across the North Sea.

This additional capacity is required to meet the identified growing commercial demand whilst at the same time strengthening the Humber Estuary’s contribution to an effective, efficient, competitive and resilient UK Ro-Ro freight sector. IERRT also responds to the trend for larger RoRo vessels, requiring larger port infrastructure and landside space.

As well as supporting and growing jobs in the businesses using IERRT, the project itself is the source of additional employment. It will create c700 jobs during the construction phase and then c200 permanent jobs once fully operational.”

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