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The Port of Dover on the market Feb 04, 2010 The Port of Dover on the market The UK's port of Dover is to sell itself off in order to fund its expansion projects.

Dover, presently one of the UK’s Trust ports, aims to give the local community a direct stake in the port’s commercial success

The port has held trust status for 400 years, circling all revenues back into its own finances. The price, between £300m to £350m, will help fund a new ferry terminal in the western docks, an investment likely to total some £400 million.

Last year the Department for Transport told major trust ports that it would work with them to explore "options for commercialisation of assets". However, to sweeten the pill and disarm opposition, the harbour Board also heralds in the establishment of a locally based charitable trust to channel funds to local community projects on a long-term basis, something that, it says, is not concordant with its present trust status.

It appears this might mean a gift of up to 10% of the port’s equity goes to the charity. Part of a statement by the Board reads, “This will provide, for the first time in Dover’s history, the opportunity for the local community to have a direct stake in the port’s commercial success and to benefit directly from the sharing in that success.”

However, the other half-dozen major trust ports, like Poole and Tyne, may find the pressure to follow suit mounting. Industry sources say that though there might be a wait-and-see approach to how Dover pans out, looking ahead it might well be the initiative that the Trust ports need to get themselves properly financed for the future.




Intermodal transportation: The next wave?Holidays are almost over, for those lucky enough to go on vacation. I spent my time away from the sea, and well above sea level. Just for reassurance. As you might know, the majority of Dutch grounds are below sea level (about 65%), and we keep dry feet by pumping water. Without that, we would build our sandcastle around "Amersfoort at the Sea" (a city some 80km inland). However, spending time in the Alps, some 800m above sea level, my rectangular box driven mind did not come to a complete standstill, wondering about hinterland transportation.
New Strategy & Development Director appointed at Dunkerque PortJean-Frédéric Laurent has just been appointed Strategy and Development Director of Dunkerque Port, replacing Pierre Joly on his retirement. He is 41.

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