The funding has been raised from a variety of banks and private investors and includes £150 million from the European Investment Bank. Commenting on the refinancing, Graeme Charnock, Chief Financial Officer, said: “The strong support we have received from banks and investors is testament to their confidence in the future plans of the Peel Ports Group.
“We have refinanced our existing facilities, and created a diversified and flexible funding platform to support our growth strategy, which includes the development of the Liverpool2 container terminal.”
The Port’s development plans for 2013 include a £300 million investment in the construction of the deep water container terminal, Liverpool2. The new in-river terminal, which will see some of the world’s largest container vessels able to call at the port, will be operational in 2015.