Ports: Finance

Department for Transport written question – answered on 26th February 2018.

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Photo of Karl Turner Karl Turner Shadow Minister (Transport)

To ask the Secretary of State for Transport, what estimate he has made of the amount of (a) public and (b) private funding was invested in (i) new and (ii) existing ports infrastructure was in each year since 2010.

Photo of Karl Turner Karl Turner Shadow Minister (Transport)

To ask the Secretary of State for Transport, what recent assessment he has made of the the adequacy of levels of (a) public and (b) private investment in UK ports infrastructure in each year since 2010.

Photo of Nusrat Ghani Nusrat Ghani Parliamentary Under-Secretary (Department for Transport), Assistant Whip (HM Treasury)

UK ports operate on a commercial basis generally without public sector financial support. As such, ports are responsible for identifying and funding their own investment requirements. UK ports have an impressive record of investment in new and existing facilities since 2010, including substantial investments at London Gateway, Liverpool, Felixstowe, Southampton and Dover amongst others. Financial support from the UK government and European Union was secured for a small number of investments.

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