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UK economic boost expected as Portsmouth showcases sustainable port Masterplan
Wednesday February 16th, 2022
Portsmouth International Port is looking beyond its boundary as it sets out an ‘ambitious sustainable future’ following the launch of its 20-year Masterplan, which is expected to generate £739m in ten years.
Global engineering and project management consultants Royal HaskoningDHV undertook detailed market analysis and extensive stakeholder engagement to forecast changes in the trade and travel industry.
Central to the plans is a focus on green recovery, as the port outlines its commitments to sustainability in a bid to become one of the UK’s most environmental ports.
As a result the port has developed a Masterplan that will focus on:
- expansion of port land to cater for increase in unaccompanied freight
- extension of berth to cater for ships up to 300m
- extension to 25m for ships exiting the port
- creation of out-of-city pre gate and storage facilities
- smart technology to manage cargo and passenger flow
- sustainable infrastructure to manage alternative power demands
- achieve net zero by 2030
- facilitate a new electric ferry service
- upgrade facilities at international cargo terminal Portico
- new Border Control Post
The developments are expected to generate approximately £800m for the national economy by 2042 and secure over 11,000 jobs following a £92m investment.
Mike Sellers, Portsmouth International Port’s director said: “There are dramatic changes facing the ports industry over the coming years, and we want to make sure we’re in the best position to play our role as a major UK port.
“We have a new relationship with EU, so that means adapting to shifts in freight operations and supporting our customers Brittany Ferries and Condor Ferries. We’re proud to play our role as key workers, providing essential services and being a vital part of the supply chain.
“The cruise industry is expected to continue increasing in popularity and we want to be there to provide an premium service.
“However, we will soon be reaching our capacity. Our Masterplan identifies opportunities for crucial land, both close to the port’s boundary and beyond.
“This is an exciting position, with our focus to become one of the most sustainable ports in the UK and a drive to deliver a premium, bespoke service for customers that share our values.
“We’re making space for a sustainable future and contributing towards elevating Portsmouth’s status as one of the UK’s leading marine and maritime cities.”
The Masterplan has identified central themes, environment and sustainability, society and economy, resilience and security, innovation and technology.
Based on all the development in the Masterplan in ten years the local economy could see a growth of up to 89%, with Gross Value Add (GVA) at £357m, and the national economy with the same 89% rise to £739m. By 2042 this will increase to £387m for local GVA and £801m nationally.
You can read the full story here.
