The Port of London Authority (PLA) has launched an Investment Plan aimed at accelerating delivery of the goals in the Thames Vision and diversifying the PLA’s income streams.
The plan is to target three broad categories of investment: commercial investments supporting river/port use; long term investments with a long payback period, which also deliver public benefits; and public benefit investments, with no financial return expected.
The Thames Vision is a 20-year development framework for the river, created with stakeholders over 18 months from early 2015 to mid-2016.
The first investment under the new PLA approach will be in partnership with CEMEX UK.
CEMEX’s Marine Director, Laurence Dagley, commented: “This type of investment approach is ideal for us. We are already making substantial investments in a new dredger, giving us increased capacity over existing dredgers, so we welcome the opportunity to partner with the PLA which will assist us in another part of our marine dredging operations, by improving cargo handling at our site on the Thames.”
The PLA Investment Plan can be found on the PLA website.