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Freight: Tees Valley

Treasury written question – answered on 14th December 2011.

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Photo of Helen Goodman Helen Goodman Shadow Minister (Culture, Media and Sport)

To ask the Chancellor of the Exchequer what the cost to the public purse is of constructing and developing the Tees Multimodal Bio-Freight Terminal.

Photo of Mark Prisk Mark Prisk The Minister of State, Department for Business, Innovation and Skills

I have been asked to reply.

A conditional award has been made to developing the Tees Multimodal Bio-Freight Terminal project in round 1 of the Regional Growth Fund (RGF). The final amount of public RGF funding for this project will be released when the company completes its due diligence and receive a final grant offer letter, which is expected by the end of December.

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