The UK Government has pledged USD $37 million of investment to bolster ports for Brexit
The Department of Transport, as part of the Port Infrastructure Resilience and Connectivity (PIRC) competition, is calling on ports across England to bid for a share of $37 million to assist deliver upgrades that will boost ability and keep trade flow.
Exclusive Paper: Free Ports in Post-Brexit Britain
In addition, the government will provide $6 million to four main Local Resilience Forums (LRFs) — consisting of emergency responders, councils and other public facilities — in regions with important freight ports to help them build infrastructure improvements to minimise any potential traffic disruption at the border.
Additional $18 million will go towards longer-term projects to boost road and rail links to ports and ensure more freight can get where it needs to be faster.
Transport Secretary Grant Shapps said, “We are leaving the EU on 31 October and we will be prepared whatever the circumstances.
“As the UK continues to develop as an outward-facing global trading nation ready for a post-Brexit world, the resilience of our trading hubs is more critical than ever before.
“This £30 million investment supports our ports in their work to boost capacity and efficiency, ensuring they’re ready for Brexit and a successful future.
The competition will be open until 6 September, after which successful bidders will be given up to $1 million each to deliver infrastructure improvements.
Read More
