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If this post contains material that is offensive, inappropriate, illegal, or is a personal attack towards yourself, please report it using the form at the end of this page.
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Barry: Re #330
"Ed - you need to catch up with the People Port - it will not be generating a profit to shareholders but to Dover Town instead."
I am well aware of that and the other facets of the People's Port proposals. My question was where this profit was to come from, and where the money to finance future maintenance and expansion was to come from, given that a privatised port will need to pay most, if not all, of the meagre income from the port as interest on the £200M+ it will have borrowed to purchase the port. My question was not actually directed at you as I have posed it before without receiving a satisfactory answer and recognise that you are not intimately involved in the privatisation bid. Neil Wiggins is posting some very interesting stuff on the front page and there is at last something to get one's teeth into.
"As for financing, many a successful businessman will tell you that you use other peoples money to invest....Investment is supposed to boost profits so borrowing to invest should more than pay for itself, generating more profit to be distributed to Dover's regeneration."
This would appear to me to be true only if the borrowing was to invest in additional facilities to deliver increased profits. The borrowing in this case however is to buy the existing port, which is presently operated for free on behalf of the nation. Money to invest in order to boost profits would need to be borrowed in addition to the £200m+ purchase price.
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