Dover.uk.com

Royal Bank of Scotland provide £90m loan facility for Dover Western Docks Revival

Wednesday, 15 June 2016
Dover Western Docks Revival
Dover Western Docks Revival
The Port of Dover's biggest ever single investment, the Dover Western Docks Revival, has received funding support from the Royal Bank of Scotland (RBS).


RBS have agreed to help to provide a loan facility of £90m to add to cash resources and long term debt finance agreements already available for the development.

Tim Waggott, Port of Dover Chief Executive commented: "This is the Port of Dover's biggest ever venture and as such is a costly endeavour. We need investment from other sources to be able to meet our ambitions for the Dover Western Docks Revival project and are delighted that RBS have the confidence in the Port, and our vision for Dover, to provide us with this financial assistance to continue to move forward towards completion."

John Redfern, Head of Corporate South East, RBS added: "It's fantastic to be able to support a development that will have such a positive impact for the local community and builds Britain's maritime heritage and trade globally."

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