WASHINGTON: Port of Dover has revealed a video showing how far the US$ 330 million Dover Western Docks Revival (DWDR) project development has progressed since the first stage of construction began in January 2017. The project is the single biggest investment ever undertaken by the port and is the next stage of its evolution in becoming a key international gateway for handling trade to the value of $157 billion and representing up to 17% of UK trade in goods.
DWDR will provide a new cargo terminal and new port-centric distribution facility transforming cargo and logistics operations, and through the creation of a new marina will transform the waterfront and attract inward investment into the area. A consortium of leading British and European lenders agreed a $264 million package of loans to support the Port of Dover’s flagship capital building programme. In addition to bespoke cargo and logistics facilities, Dover Western Docks Revival will also allow the port to create a dedicated ferry terminal in the Eastern Docks and a transformed waterfront for Dover.
Port of Dover Chief Executive, Tim Waggott, said: “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. “Currently handling 17% 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.”
