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PD Ports gets go-ahead for Northern Gateway : bharatbook.com

Bharatbook.com is proud to announce the new report “Global Marine Ports and Services” from its vast collection of informative market research reports.

PRLog - Feb. 25, 2008 - NAVI MUMBAI, India -- Significant news for the North of England and for the supply chains of very many UK companies

Bharatbook.com is proud to announce the new report “Global Marine Ports and Services” (http://www.bharatbook.com/detail.asp?id=10213) from its vast collection of informative market research reports.

PD Ports (PDP) announced that it has received formal planning approval for its Northern Gateway Container Terminal (NGCT) at Teesport in the North East of England. The Secretary of State for Transport (Ruth Kelly) has announced her approval for the Harbour Revision Order (HRO) plans submitted by PD Ports in April 2006. This is the last and most important external approval required to finalise the NGCT business case and create a circa £300.0 million investment in the deep sea container terminal on the South bank of the river Tees. The local planning committee of Redcar & Cleveland Borough Council had previously given its unanimous approval for the land based elements of the scheme in April 2007.

The HRO and accompanying Transport & Works Act Order (TWAO) have now been approved. This means the project has gained all the necessary statutory consents in order to commence the development phase.

This is very significant news for the North of England and for the supply chains of very many UK companies. The HRO approval is a major forward step to the financial viability of the project and subject to the commercial hurdles, will allow the PD Ports team to focus on its delivery. This decision will ultimately give shippers and shipping lines serving the needs of the North of England and Scotland a valuable alternative to their traditional use of the Southern UK ports when trading, with particularly the Far East and other major global markets.

PDP achieved a successful planning approval for this large scale port infrastructure project in record time. It is less than 22 months since it submitted plans.

A deep sea container terminal on the Tees will attract container ships direct to Teesport from around the globe. All those imported goods needed for Northern consumers and retailers in the likes of Edinburgh, Glasgow, Leeds, Manchester and Newcastle can now travel the short distance from port to consumer via retailers’ shelves.

This will also result in tens of millions of lorry miles being saved by stopping the wastefulness of all those containers being landed at a Southern UK port but being destined by road or rail for the North. The new terminal will bring hundreds of new jobs to the Tees Valley and in addition to this, when NGCT is completed, PDP also expects to attract more retail distribution centre activity to PDP's vacant strategic port land.

For more information kindly visit: http://www.bharatbook.com/detail.asp?id=10213

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Location:Navi Mumbai - Maharashtra - India
Industry:Business, Defense, Open source
Tags:pd, ports, northern, gateway
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