British Ports Association responds to the Budget

Commenting on today’s Budget Statement,the British Ports Association’s Chief Executive, Richard Ballantynesaid:

“There were a few announcements of interest in today’s Budget, particularly in relation to infrastructure, regional growth, oil &gas and decommissioning, exports, fisheries, fuel duty, housing and skills, but probably of most interest are the statements on road investment. In his statement the Chancellor committed £28bn funding for roads between 2020-25. Transport investment is important to ports, who rely particularly on roads to connect them to their traders and markets as well as importing some of the materials needed to build them. However it remains unclear if the investment will directly benefit the links to ports themselves.”

With very few exceptions the vast majority of UKport infrastructure investments are privately financed. Port investments are market-led and at present the BPAestimates that somewhere in the region of £1.7bn worth of port projects will be undertaken in the next few years. In terms of infrastructure, ports ask for very little from the Government, however they do rely on a stable economic and policy framework, an efficient planning system and a modern transport infrastructure. The latter area is subject to sometimes competing demands, for example between passenger and freight-based projects, and especially budget constraints. Mr Ballantyne suggested:

. . . . . .  continued on the BPA website here

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