Belfast harbour operator to invest £1.3bn as NI economy grows
Summary
Belfast Harbour plans to invest £1.3 billion over 25 years to expand and upgrade its port facilities, supporting Northern Ireland’s growing economy. The investment depends on new laws allowing the harbour to borrow money, and projects include new quays, ferry terminal upgrades, and support for offshore wind energy.Key Facts
- Belfast Harbour will spend £1.3 billion over 25 years on port upgrades.
- There may be an additional £750 million investment in housing developments nearby.
- The harbour is currently investing £300 million, including facilities for offshore wind projects.
- Planned improvements include new quays for grain and animal trade, better ferry terminals, bigger container shipping areas, and power for docked cruise ships.
- Northern Ireland’s economy has grown faster than the rest of the UK recently.
- Investment depends on legal changes allowing the harbour to borrow money, expected by spring 2027.
- Belfast Harbour is an independent trust and does not receive government funding.
- Annual trade through the port may increase from 24 million tonnes to between 30 and 50 million tonnes by 2050.
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