As part of Associated British Ports’ (ABP) $66 million investment in developing port infrastructure across the UK, the British port operator is set to construct a new multi-storey $20 million vehicle terminal.
The project is expected to be completed in 2019 and will establish Southampton as a global hub for automotive operations.
The new terminal is expected to make space for around 3,000 vehicles.
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Alastair Welch, Director of ABP Southampton, said: “ABP has already invested more than £32 million over the past five years to support the automotive industry.
“The investment is testimony to the performance of the Port of Southampton and will help increase the port’s vital contribution to the regional and national economy and keeping Britain trading.”
ABP Southampton is the UK’s number one port for exports, handling $53 billion of UK exports every year, as well as supporting 45,600 jobs nationally.
ABP is the UK’s leading port operator with 21 ports and other transport related businesses in its network.