Dover revival project receives £200m loan

The Dover Western Docks Revival project has received a £200 million loan from a consortium of European banks.

The project is to develop a purpose-built cargo and logistics facility at the port

“Dover Western Docks Revival is the single biggest investment ever undertaken by the Port of Dover. It will define how we operate for decades to come,” said Tim Waggott, Port of Dover chief executive. “Currently handling 17 per cent of all the UK’s trade in goods, it is crucial the Port continues to evolve to meet the demands of an ever-changing political and trading landscape.

“The financial support supplied by blue chip lenders underlines the critical role Dover fulfils for UK and European economies, businesses and consumers. A prominent role which will remain into the future post Brexit.”