11th hour rush for EastPort development bid
Hopes are high of securing a key private partner for the EastPort Outer Harbour Project at Great Yarmouth after several expressions of interest were received by the deadline.Hopes are high of securing a key private partner for the EastPort Outer Harbour Project at Great Yarmouth after several expressions of interest were received by the deadline.
The response from potential port operator partners to invest in the development and operation of East Port Great Yarmouth (EastPort) has been welcomed by the company.
Executive director of EastPort, Peter Hardy, said: “The response is at the better end of our expectations. The mix includes larger UK and Europe-based companies but also firms interested in forming a consortium to finance the development. A number of businesses with existing links to the port have expressed interest.”
EastPort will now be evaluating the expressions of interest and expects shortly to advise those parties who have been chosen to put forward outline business proposals.
It is hoped final selection will be made within four to six months, leading to a possible start of construction during 2007.