Work will also begin soon to construct a new quay wall of 400 m; this will allow GYPC’s parent company, International Port Holdings, and its operating partner PSA to proceed with investment in port pavements and plant and equipment for the planned short-sea container terminal.
Great Yarmouth Outer Harbour will be one of the biggest new port developments in the UK in recent years. Construction of the harbour infrastructure (comprising breakwaters, dredging and reclamation) has been funded through a public-private partnership, including public sector funding of £18m. International Port Holdings and PSA in joint venture have agreed a long-term lease with GYPC to provide container terminal services from the Outer Harbour.
In another development, GYPC has entered into a long-term lease with Stema for the operation of a major new aggregates berth, allowing the company to consolidate its regional operations. In addition, GYPC has rebranded the Port under the a new trading name, ‘East Port UK’. This is intended to reflect Great Yarmouth’s status as a multi-purpose port serving a wide hinterland, according to the company.