ABP Announces Expansion Plan for Immingham
- Business & Finance
Associated British Ports (ABP) has announced a major expansion plan for two of its key operations in the Port of Immingham.
Last year, ABP revealed a £50 million investment for its container terminal offer across the Ports of Hull and Immingham, the first phase of which (amounting to around £14 million) saw the expansion of the Hull Container Terminal.
Following continued growth in container volumes across the two ports in 2017, a second phase of the £50 million investment has now begun and will see ABP spending £36 million on the container terminal in Immingham, the company reported.
In addition to this investment, ABP’s shipping customers are projecting significant growth in volumes they handle in the coming years.
To meet the challenges of these projections, ABP has committed to investing a further £2.8 million in expanding the land and services available to support customer operations within the port.