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Good stuff Roger. I can entirely agree that delay in announcing a decision is not good and have been pressing the Government on this point.
As previously stated, DPPT has modelled for capital investment in improving existing port infrastructure and enabling works GB£100m over the first five years of our business plan.
Traffic growth having returned to similar levels as experienced in the run-up to the crisis indicates, from the current traffic base, that a T2 development with additional berths as envisaged by the Harbour Board would not become commercially viable for a private investor until well into the 2020's and with any private investor explicitly excused any obligation to develop T2 facilities under the DHB proposal and DHB, once any sale is completed, ceasing to exist as an organisation one must view any commitments from them in this regard in that light.
If DPPT were to be successful we have already committed to a complete review of the T2 plans promulgated by DHB which will be open to full and meaningful consultation. The final revised plan, as developed with the full involvement of the communities of Dover and through advice from relevant expertise is planned to require funding to commence works at the same time as the first tranche of our bond issue matures and is sold back to the markets. As I explained earlier in this thread Roger, funding for significant new infrastructure projects comes from this source and is affordable long term finance without dilution of ownership.
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