Largest Investment in the History of Port of Dundee Announced
- Business & Finance
Forth Ports Limited announced today (17 February, 2016) plans to make the largest investment in the history of the Port of Dundee.
The port owner is to invest more than £10 million to create a new quayside with an industry-leading “heavy lift” capability, coupled with a significant onshore operational area.
The privately funded investment will result in the development of the quayside at the East end of the port, connecting to the existing Prince Charles Wharf. The quayside will offer heavy lift capability over its entire 200m length with an ultra-heavy lift pad at one end.
This capability, coupled with a deep-water berth and significant land area of around 60 acres, will facilitate the handling of the largest cargoes, as demanded by these emerging North Sea industry sectors.
New quayside will effectively add both berthing and land capacity at the Port of Dundee and, once complete, will represent a significant increase in port capacity in the North East region.
The construction process will take 18 months to complete with work starting immediately. Upon completion, the quayside will be 200 meters longer than currently and will be one of the strongest quaysides in Scotland, at a strength capability of 80 tonnes per square meter.