UK Infrastructure Bank has plans to make a £50 million (€58 million/$62 million) investment toward The Port of Tyne, which comprises the commercial docks on and around the River Tyne in Tyne and Wear in the northeast of England.
The capital is to help with projects to help the port become cleaner and greener, specifically for redeveloping the land that will provide a base for the growing number of green industries in the area, including offshore wind. It is to help the Port deliver its “Tyne 2050” strategic plan to become net zero by 2030 and position the River Tyne as a gateway for both regional and maritime transformation, fully aligned to the government’s Maritime 2050 strategy and the North East Economic plan.
“The Port of Tyne is the catalyst for the North East’s green economy and essential in supporting the United Kingdom in the green energy and the automotive transition,” said Matt Beeton, Port of Tyne CEO. “This investment will help us accele
