Port of Aalborg board approves $90 million investment budget

  • Port of Aalborg Group allocated US$90 million to enhance port infrastructure

The board of directors at the Port of Aalborg has approved an investment budget of over $90 million for the Port of Aalborg Group between 2014 and 2016 to aid in the upgrade of infrastructure at the Danish port.

“The decision on the level of investment is a clear signal that the port is now ready for new growth after the financial crisis,” said chairman of the Port of Aalborg’s board of directors, Mayor Henning G. Jensen.

“It is a commitment to the industry’s efforts to improve efficiency and create new business activities for growth and development of society, not just in Aalborg, but throughout North Jutland.”

Financial arrangements for the budget are planned before the end of the year, according to the board, however the funds to not include the government’s commitment to co-financing the remaining $6.92 million to expand the Tranholmvej to four lanes.

“On behalf of the port board, I have written an appeal to the North Jutland MPs to argue for the importance of the road expansion,” explained Mayor Jensen.

“The best argument is that both the business area and the port will create growth and jobs and are willing to invest heavily, provided that the infrastructure will be expanded.”

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